Caixin
Jan 26, 2022 08:23 PM
BUSINESS

China’s Tech Giants Take Stakes in More Companies as Crackdown Hits Growth

China’s tech giants Tencent, Alibaba and ByteDance made more equity investments in 2021 compared to the previous year, as a sweeping regulatory crackdown hit their core businesses, industry data show.

Hong Kong-listed Tencent Holdings Ltd. and its affiliates invested in 258 companies last year, 60% more than in 2020, according to data compiled by Qichacha, a corporate information provider. The total size of the equity investments remains unclear because the values of many deals were not disclosed.

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