OREANDA-NEWS. April 07, 2014. China venture is getting reinforced with two new funds recently raised from major VC investors with a good track record of backing successful Chinese startups: DCM and Qiming Venture. The successful fund-raising marks the seventh for DCM and the fourth for Qiming, showing that longevity and solid results do matter as consolidation occurs in the Chinese venture arena.

DCM has raised USD 330 million to continue its strategy of investing in technology companies in the U.S., China and Japan. Among its recent stand-out exits are online classified jobs advertiser 58.com and flash sales site VIPshop, both of which went public in the U.S. in the not-too-distant past. See prior Forbes articles: 58.com  and VIPshop. Qiming has lassoed USD 500 million for its fund investing in early to growth-stage companies in cleantech, healthcare, Internet and technology sectors. Qiming portfolio companies that went public in the U.S. during 2011 include children’s entertainment and media company Taomee and Internet dating website Jiayuan.

Meanwhile, the much-anticipated IPO of Chinese e-commerce powerhouse Alibaba is fueling China’s tech innovation power. David Chao, co-founder and general partner, at DCM predicts that the Alibaba IPO will be a game changer for China’s emerging tech economy and will be a door opener for future investing and results from backing breakthrough Chinese companies.

This comes after accounting issues and scandals at several listed Chinese companies in the U.S. (many of them related to reverse mergers) tarnished nearly the whole sector over the past two years, only to regain some confidence from investors during the latter half of 2013.

On the Alibaba IPO front, an interesting side note is that I attended a Hong Kong investment luncheon mid-March in Palo Alto where business leaders announced that Alibaba would go public in Hong Kong, with no exception for Alibaba on listing standards on the HKSE.   Two days later came news that Alibaba was planning its IPO in the U.S.  It helps to get the pitch right, though to be fair, this is a continuing story with a complex plot.