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Chinese companies bet as much as .9 billion of venture-capital funding on startups in the quarter ending in June, surpassing their North American rivals' .2 billion for the first time, according to data from Goldman Sachs, Business Insider reported on Sunday.
Chinese internet giant Tencent Holdings Ltd led this round of financing and the Priceline Group, an online travel giant, was introduced as a strategic investor.
Chinese companies' issuance of GDRs is an important part of the Shanghai-London Stock Connect mechanism, under which London-listed companies will also be able to issue Chinese depository receipts on the Shanghai Stock Exchange.
Chinese companies also are cutting a more distinctive and stronger presence by acquiring the center stages of the exhibition halls and convention venues and becoming used to the spotlight, where they can showcase their best and brightest ideas and products.
Chinese e-commerce giant Alibaba also sees India as a promising market. Alibaba and its affiliate Ant Financial hold a minority stake in its India peer Paytm after two rounds of investment in 2015.
