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Tencent Boosts Global Investments as China Cracks Down at Home: FT

A Tencent logo is seen at the World Internet Conference in Wuzhen. Photo: Reuters.

Tencent’s investments in overseas start-ups jumped more than sevenfold this year as China tightened its regulatory grip at home, the Financial Times reported.

The social media, gaming and fintech giant struck a record 16 deals in Europe, bringing its total international investments to 34 for the first six months of 2021, down from four in the same period in 2020, according to data from Refinitiv, the report said.  Full story: Financial Times

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Kevin Hamlin

Kevin Hamlin is a financial journalist with extensive experience covering Asia. Before joining Asia Financial, Kevin worked for Bloomberg News, spending 12 years as Senior China Economy Reporter in Beijing. Prior to that, he was Asia Bureau Chief of Institutional Investor for ten years.


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