The U.S. VC Who Didn’t Quit China

Gary Rieschel, head of Qiming Venture Partners since 2006, stands out as a survivor. While other venture capital firms quit China, Rieschel has endured the country’s sharp downturn in start-up investment, a shift to industrial tech, a crackdown on private enterprise, a split of Silicon Valley-China cross-border deals and a move to state-directed venture capital.
Now he faces another challenge.

by Rebecca A. Fannin
Published by The Wire China, February 16, 2026

Adapted from Rebecca’s book, The New Tech Titans of China (February 2026)