In 2019, 8 internet giants newly invested in over 400 startups in China and overseas. They have become more conservative about investing in B2C & startups since 2018. They eye on the next blue ocean market, i.e. B2B business.
Baidu - invested mainly on enterprise services, and medical & health
Alibaba - invested mainly on enterprise services, finance, IT, and media & entertainment
Tencent - invested mainly on enterprise services, finance, transport, and media & entertainment
Xiaomi - IT, and lifestyle services
The very detailed full reprort is avaialble from the Fung Business Intelligence website here: https://lnkd.in/grkRuy9