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By Qian Tong and Zhao Runhua / Jun 04, 2019 05:13 PM / Finance

J.P. Gan. Photo: IC Photo

J.P. Gan. Photo: IC Photo

One of China’s best-known venture capitalists isn’t jumping ship, he’s building his own.

Gan Jianping, also widely known as J.P. Gan, plans to leave top firm Qiming Venture Partners later this month and set up his own business in early July, Caixin learned Tuesday.

Gan has handed in his notice at Qiming, where he’s currently a managing partner, he told Caixin.

Gan said he was motivated to “do something” on his own, and stressed that his departure was not due to any “disputes.”

Established in 2006, Qiming became known in China’s fast-growing and competitive startup financing sector for its investments in companies like Xiaomi, Meituan Dianping, and Bilibili. Qiming currently manages a total of nearly $4 billion in assets.

Gan worked for the Carlyle Group and Merrill Lynch before joining Qiming in 2006, and is among the world’s top five “dealmakers in high-tech venture capital” this year, according to Forbes.

Gan didn’t provide any details about his new business. “Qiming is a big ship, and it will continue to travel stably,” Gan told Caixin.

Related: Three Things to Know About China’s Starbucks Challenger

Contact reporter Zhao Runhua (runhuazhao@caixin.com)

Correction: This post initially misspelled Gan Jianping's Chinese name.

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