Tencent and ByteDance hit record investment in 2021
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ByteDance and Tencent were on an investment spree in 2021.
According to an article in Caixin today:
Tencent made 220 investment deals in 2021, up 60% y/y.
ByteDance made 65 investment deals in 2021, up 103% y/y.
Both were record numbers in a single year.
Our take: Don't expect any reco...