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China Tech Giants Take Stakes in More Firms – Caixin

Tencent invested in 258 companies, 60% more than in 2020. Alibaba made 70 investments, up 59% and ByteDance bought into 58 companies, 87% more

Neither of China's biggest videogame makers were included in a list of 60 new licensed games, giving a boost to smaller developers.
China's gaming regulator granted publishing licences to 60 games, none of which were made by Tencent Holdings or NetEase. Foreign developers were also snubbed. File photo: Reuters.


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.


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