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Business trends

Japan leads China in overseas startup funding

But gap narrowing rapidly as Chinese tech titans look abroad

Japan's SoftBank Group has invested billions of dollars in ride-hailing apps across Asia, including India's Ola.    © Reuters

TOKYO -- Japanese investors are more prolific than their Chinese rivals when it comes to funding Asian startups outside their home countries, although their lead is eroding fast.

According to a report by startup-focused online media platform Tech In Asia, Japanese funds and companies made 99 investments in Asian startups in 2017, compared with 64 deals by Chinese investors. The figures rose from 94 and 60 deals respectively the previous year.

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