Wave of investments in China Web startups seen slowing

Hong Kong

CHINA'S Internet companies, in recent years, have been the shining stars of growth, with Alibaba and Tencent rivalling in size some of their most formidable global competitors.

Inspired by their success and driven by huge buyouts of smaller companies by China's Internet giants, investors have poured money into new startups. But new figures from the end of 2015 show that wave of investment may be coming to an end, or at least slowing.