China Tech Giants Take Stakes in More Firms

China’s tech giants made more equity investments in 2021 compared with the previous year, as a sweeping regulatory crackdown hit their core businesses, Caixin reported, citing data compiled by Qichacha.

Hong Kong-listed Tencent Holdings invested in 258 companies last year, 60% more than in 2020. Alibaba Group Holding made 70 investments, up 59%, and ByteDance invested in 58 companies, 87% more.

Read the full report: Caixin.

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.