Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Tencent Reportedly Negotiating Risk-Mitigation Measures to Retain U.S. Gaming Investments
Foxconn to Set Up Chipmaking Joint Venture with Yageo
Excluding Chinese Vendors from Indian 5G Trials Will Hold Back Development, Diplomat Says
Alibaba-Backed MYBank Eyes Deeper Penetration Into Under-Banked Rural China
Vivo and Oppo Claim Top Two Spots in China Smartphone Market as Huawei Falls
U.S. Urges TSMC to Prioritize Supplies to American Carmakers Grappling with Global Chip Shortage
Indonesian Ride-Hailing Unicorn Gojek Aims to Go All Electric by 2030
Tencent-Backed Insurtech Firm Waterdrop Aims to Raise up to $360 Million in U.S. IPO
Which Money-Losing Electric-Car Makers Have Tied Up With Huawei?
Video Platform Bilibili to Buy Stake in Mobile-Game Maker CMGE to Boost Content
Baidu to Roll Out Driverless Robotaxis in Beijing in May
Tesla Challenger Nio Shrinks Losses as Sales Surge
Trending in China: A Beijing Bureaucrat Worked as Delivery Driver for a Day and Earned Just $6
Fjord Focus: Why Are Chinese Electric-Car Makers Flocking to Norway?
Alibaba Has Big Plans for Taobao’s Livestreaming Hawking Business
Xiaomi Extends Reign as India’s Smartphone King Despite Slipping Market Share
Self-Driving Truck Startup Plus to Develop Natural Gas-Powered Vehicle With U.S. Engine-Maker
China’s Origin Space Launches Prototype to See How Well It Cleans Up Space Junk
Trending in China: Is Bubble Tea for Tesla Really Such a Bad PR Effort?
TikTok to Set Up European Transparency Center to Ease Data Security Concerns
Tencent Focuses on Gaming in First Quarter Investments

Ding Yi / Apr 20, 2021 07:03 PM / Business & Tech

China’s Tencent participated in 103 investment deals worth more than 60 billion yuan ($9.2 billion) in the first quarter of 2021, with a preference for gaming companies, as Beijing tightens its crackdown on monopolistic behaviors by tech and internet giants.

The 103 deals involved a wide range of industries ranging from entertainment and education to finance and healthcare, according to a report released on Monday by Chinese company information provider Qichacha.

About a third of the deals were related to gaming investments, reflecting Tencent’s increasing focus on an industry that has enjoyed robust growth since the start of the Covid-19 pandemic.

In the early months of the year, TikTok owner ByteDance also increased its investments in the gaming sector, with eye-catching acquisitions of Beijing-based mobile game developer C4games and Shanghai-based mobile game firm Moonton in April and March respectively. The moves were viewed as ByteDance’s renewed attempt to challenge Tencent’s leading position, which generated online game revenue of $24 billion in 2020 mainly from hits like Honor of Kings and PUBG Mobile.

Xingsheng Youxuan, a Chinese community group buying platform, is the only company that received two rounds of investment from Tencent in the three-month period, according to the report.

Contact reporter Ding Yi (

Related: Call of Duty Mobile Developer Outplays Games Publisher as Timi Studio Earns More Than Activision Blizzard


Share this article
Open WeChat and scan the QR code