Jun He Tang says it raised funds amounting to tens of millions of RMB, but did not specify the exact amount.
Qiming currently holds 18 portfolio companies in the healthcare sector, including medicine supplier Desano Pharma, personal medical check-up company Guokang Healthcare and electronic medical record service provider Goodwill.
The investment in Jun He Tang is a first for Qiming in the traditional Chinese medicine sector.
Jun He Tang says it will use the proceeds to scale up its franchise expansion. Qiming will also help with management improvement and human resources.