Alibaba and Tencent's footprints across SEA

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Hello there ,

The world works in funny ways. It’s hard enough to predict the outcome of an action, let alone its unintended consequences. Knock-on effects only really show up with time. Today, we bring into focus some of the unforeseen ramifications of China’s crackdown on its biggest tech companies - which has lasted for over a year now.

The ‌campaign first grabbed global headlines when it brought Ant Group’s hotly anticipated IPO to a dramatic end in November 2020. The regulatory clampdown has only gathered steam since then as Beijing has stepped up scrutiny over everything from antitrust concerns to data security and wealth distribution.

While the crackdown has forever shifted the landscape of corporate China, it has also given birth to some rather unusual trends. For instance, affected tech companies have wandered into areas like agriculture, with ecommerce giants JD.com and Alibaba, and video game group NetEase dipping their toes into pig-farming.

However, intensifying regulatory headwinds in China have meant that Alibaba and Tencent have accelerated their investments in key Southeast Asian markets. In today’s premium story pick, we dissect and detail the investments China’s two biggest tech giants made in Southeast Asia last year.

Also, if you’re an entrepreneur looking for funding, fill out this form to get your company featured on our list of fundraising startups.

-- Shravanth
 
 

THE BIG STORY

Alibaba, Tencent’s SEA investment spree in 2021
Tencent joined 3x more funding rounds in 2021 than 2020, and the company and its rival Alibaba are increasingly playing ball with investors in SEA.
 
 

EVENT


Curious about NFTs and want to expand your insights about this phenomenon? On February 10, catch our workshop with David Shin, head of global adoption at the Klaytn Foundation, to learn more about the digital asset!

Get a single ticket to attend this workshop or subscribe to Tech in Asia Core at just US$0.55/day for unlimited access to all our workshops, signature conferences, and premium content.

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TRENDING NEWS

Temasek buys UK tech firm at $7b valuation
Element provides testing, inspection, and certification services to clients across tech industries like aerospace and energy.
Ex-Gojek employee’s baby food startup scoops up $400k
Grouu said that it served more than 200,000 baby food portions in Jakarta last year.
Tencent axes 70 staff, bars 13 firms in anti-corruption investigation
Tencent has been conducting its anti-graft initiative since 2019, and it openly announces the results of its investigations, reported Reuters.
This deck won an 🇮🇳 D2C skincare brand $730k in seed money
Foxtale aims to launch products that tackle the effects of climatic conditions and pollution on Indian skin types.
Sequoia names 20 startups in Surge’s sixth cohort
The new batch includes startups from Malaysia, Thailand, and Taiwan – a first for the program.
General Atlantic leads $74m round of livestreaming app Kumu
The funding round, the second that Kumu closed within five months, pushes the platform’s total amount raised from investors to US$100 million.


EVENTS HAPPENING


You can also check out a curated list of trending tech events over here.
  • Fast Forward with HPE! on January 27th
    A multistage B2B startup competition specially crafted to help scale and grow early-stage technology startups across the APAC region. Catch the top 10 startups now as they pitch to a panel of esteemed judges and find out which team made it to the finals!
  • *Event* [Workshop] What NFTs mean to startups in Southeast Asia on February 10th
    Curious about NFTs and want to expand your insights about this phenomenon? On February 10, catch our workshop with David Shin, head of global adoption at the Klaytn Foundation, to learn more about the digital asset!
    Get a single ticket to attend this workshop or subscribe to Tech in Asia Core at just US$0.55/day for unlimited access to all our workshops, signature conferences, and premium content.
  • AWS SaaS Forum on February 17th
    Join the AWS SaaS Forum on February 17 to uncover opportunities and insights on SaaS trends, outlook for 2022 and how to build your business playbook. Attendance is complimentary.



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