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China's big tech money seen in US$2b worth of South-east Asian deals
Tencent made bets across several sectors this year, while Alibaba struck two big strategic deals
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Published Sun, Dec 19, 2021 · 09:50 PM
Singapore
ANOTHER year, another wave of Chinese money flowing into South-east Asia. Tech giants Alibaba, Ant Group and Tencent participated in over 10 regional fundraises worth US$2 billion this year, even as they faced unprecedented pressure at home.
Tencent struck the most deals, investing in at least six South-east Asian startups, ranging from fintech and e-commerce plays to analytics companies (see table).
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