Deals
China Asks Tech Giants for Case Studies in Sign of Easing
- Tencent, Meituan asked to submit lists of their investments
- Regulator lauded chips, robot bets as examples in WeChat post
The Tencent Holdings Ltd. headquarters in Shenzhen.
Source: Bloomberg
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China has asked its largest technology companies to provide case studies of their most successful startup investments in consumer, telecom and media companies, a sign authorities are ready to grant them broader leeway in backing such deals after a crackdown brought them to a virtual halt two years ago.
Companies including Tencent Holdings Ltd. and Meituan received the requests from China’s Ministry of Commerce and the National Development and Reform Commission, people familiar with the matter said, asking not to be identified discussing private information.