Alibaba halves startup investment as Beijing steps up scrutiny

Antitrust accusations threaten strategy of snapping up promising new companies

20210222 Xi JAck MA

Beijing's tighter control has cast a shadow over Alibaba's strategy of investing in startups. (Source photos by Reuters)

YUSHO CHO, Nikkei staff writer

SHANGHAI -- Alibaba Group Holding's investments in startups have halved in the four months since its fintech affiliate Ant Group was forced to postpone its stock market listing in November, compared with the same period of a year ago.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.