China venture funding may be slowing but not for top-tier firms or high-quality entrepreneurs with something truly innovative. : Venture capital funding may be slowing in China but no reason for panic -- at least if you're good. Top tier funds have no problem raising successive funds, and mega ones at that. Consider the $1 billion range funds recently raised by Qiming Venture Partners and GGV Capital. Or the $8 billion brought in by Sequoia Capital China. Yes, consolidation is underway in the venture business in China.