www.wsj.com
Open in
urlscan Pro
2600:9000:223c:b800:3:4b0:de80:93a1
Public Scan
URL:
https://www.wsj.com/articles/chinas-startups-attract-record-funding-despite-tech-clampdown-11642000017
Submission Tags: falconsandbox
Submission: On February 01 via api from US — Scanned from DE
Submission Tags: falconsandbox
Submission: On February 01 via api from US — Scanned from DE
Form analysis 1 forms found in the DOM
#
<form action="#" class="style--search-form-hI0pb2JfplZrewKUN--51 " role="search"><input id="searchInput" class="style--wsj-search-input-GNMy8Q5kg9IYwJKXYfIMm " placeholder="Enter News, Quotes, Companies or Videos" type="search"
aria-label="Search the Wall Street Journal" tabindex="-1"><button class="style--search-submit-2EFgMYmHzRT8YBR7BYrV6G " aria-label="Submit Button" value="Search" type="submit" tabindex="-1">Search <svg width="24" height="24" viewBox="0 0 24 24">
<defs>
<path id="search-medium_svg__a" d="M10.5 2a7.5 7.5 0 015.645 12.438l5.365 5.365-.707.707-5.365-5.365A7.5 7.5 0 1110.5 2zm0 1a6.5 6.5 0 100 13 6.5 6.5 0 000-13z"></path>
</defs>
<use fill="currentColor" fill-rule="evenodd" xlink:href="#search-medium_svg__a"></use>
</svg></button></form>Text Content
Skip to Main ContentSkip to SearchSkip to...
Select
* Listen to Article
* What To Read Next
* Sponsored Offers
* Most Popular Articles
* Most Popular Opinion
* Recommended Videos
Dow Jones, a News Corp companyAbout WSJ
* News Corp is a global, diversified media and information services company
focused on creating and distributing authoritative and engaging content and
other products and services.
* Dow Jones
* Barron's
* BigCharts
* Dow Jones Businesses
* Dow Jones Newswires
* Factiva
* Financial News
* Mansion Global
* MarketWatch
* Newsmart
* NewsPlus
* Risk & Compliance
* WSJ Live
* WSJ Pro
* WSJ Video
* WSJ.com
* News Corp
* Avail
* Business Spectator
* HarperCollins Publishers
* Housing
* Makaan
* New York Post
* REA
* realtor.com
* Storyful
* The Australian
* The Sun
* The Times
*
Stoxx 600468.88 points with a0.72%▲
Nikkei27078.48 points with a0.28%▲
U.S. 10 Yr-1/32 Yieldwith a1.790%▼
Crude Oil88.02 points with a0.15%▼
Euro1.1264 points with a0.27%▲
DJIA35131.86 points with a1.17%▲
The Wall Street Journal
SubscribeSign In
Special Offer
The Wall Street Journal
Less than US $1/week
Get the insights and analysis trusted by key decision-makers around the world.
Become a WSJ Member Today
View Membership Options
English Edition
* English
* 中文 (Chinese)
* 日本語 (Japanese)
Print Edition
Video
Podcasts
Latest Headlines
SubscribeSign In
* Home
* World
REGIONS
* Africa
* Asia
* Canada
* China
* Europe
* Latin America
* Middle East
SECTIONS
* Economy
MORE
* World Video
* U.S.
SECTIONS
* Economy
* Law
* Politics
MORE
* WSJ Noted.
* U.S. Video
* What's News Podcast
* Politics
SECTIONS
* Capital Journal
MORE
* Politics Video
COLUMNS
* Gerald Seib
* Washington Wire
* Economy
WSJ PRO
* Bankruptcy
* Central Banking
* Private Equity
* Strategic Intelligence
* Venture Capital
MORE
* Economic Forecasting Survey
* Economy Video
SECTIONS
* Capital Account
* Business
SECTIONS
* Management
* The Future of Everything
* Obituaries
* Tech/WSJ.D
INDUSTRIES
* Aerospace & Defense
* Autos & Transportation
* Commercial Real Estate
* Consumer Products
* Energy
* Entrepreneurship
* Financial Services
* Food & Services
* Health Care
* Hospitality
* Law
* Manufacturing
* Media & Marketing
* Natural Resources
* Retail
C-SUITE
* CFO Journal
* CIO Journal
* CMO Today
* Logistics Report
* Risk & Compliance
COLUMNS
* Heard on the Street
WSJ PRO
* Artificial Intelligence
* Bankruptcy
* Central Banking
* Cybersecurity
* Private Equity
* Sustainable Business
* Venture Capital
MORE
* Business Video
* Journal Report
* Business Podcast
* Space & Science
* Tech
SECTIONS
* CIO Journal
* The Future of Everything
* Personal Tech
COLUMNS
* Christopher Mims
* Joanna Stern
* Julie Jargon
* Nicole Nguyen
MORE
* Tech Video
* Tech Podcast
* Markets
SECTIONS
* Bonds
* Commercial Real Estate
* Commodities & Futures
* Stocks
* Personal Finance
* WSJ Money
* Streetwise
* Intelligent Investor
COLUMNS
* Heard on the Street
* Greg Ip
* Jason Zweig
* Laura Saunders
* James Mackintosh
MARKET DATA
* Market Data Home
* U.S. Stocks
* Currencies
* Companies
* Commodities
* Bonds & Rates
* Mutual Funds & ETFs
MORE
* CFO Journal
* Markets Video
* Your Money Briefing Podcast
* Secrets of Wealthy Women Podcast
Search Quotes and Companies
* Opinion
COLUMNISTS
* Gerard Baker
* Sadanand Dhume
* James Freeman
* William A. Galston
* Daniel Henninger
* Holman W. Jenkins
* Andy Kessler
* William McGurn
* Walter Russell Mead
* Peggy Noonan
* Mary Anastasia O'Grady
* Jason Riley
* Joseph Sternberg
* Kimberley A. Strassel
MORE
* Editorials
* Commentary
* Future View
* Letters to the Editor
* The Weekend Interview
* Potomac Watch Podcast
* Foreign Edition Podcast
* Opinion Video
* Notable & Quotable
* Books & Arts
REVIEWS
* Film
* Television
* Theater
* Masterpiece Series
* Music
* Dance
* Opera
* Exhibition
* Cultural Commentary
SECTIONS
* Arts
* Books
MORE
* WSJ Puzzles
* Life Video
* Arts Video
* Real Estate
SECTIONS
* Commercial Real Estate
MORE
* Real Estate Video
* Life & Work
SECTIONS
* Cars
* Careers
* Entertainment
* Food & Drink
* Home & Design
* Ideas
* Personal Finance
* Recipes
* Style & Fashion
* Travel
* Wellness
COLUMNS
* Your Health
* Work & Life
* The Middle Seat
* Bonds
* At Work
* Turning Points
* Off Brand
* On Trend
* On Wine
MORE
* WSJ Puzzles
* Space & Science
* WSJ. Magazine
SECTIONS
* Fashion
* Art & Design
* Travel
* Food
* Culture
* Sports
COLUMNS
* Jason Gay
SECTIONS
* MLB
* NBA
* NFL
* Golf
* Tennis
* Soccer
Search
* Home
* World
REGIONS
* Africa
* Asia
* Canada
* China
* Europe
* Latin America
* Middle East
SECTIONS
* Economy
MORE
* World Video
* U.S.
SECTIONS
* Economy
* Law
* Politics
MORE
* WSJ Noted.
* U.S. Video
* What's News Podcast
* Politics
SECTIONS
* Capital Journal
MORE
* Politics Video
COLUMNS
* Gerald Seib
* Washington Wire
* Economy
WSJ PRO
* Bankruptcy
* Central Banking
* Private Equity
* Strategic Intelligence
* Venture Capital
MORE
* Economic Forecasting Survey
* Economy Video
SECTIONS
* Capital Account
* Business
SECTIONS
* Management
* The Future of Everything
* Obituaries
* Tech/WSJ.D
INDUSTRIES
* Aerospace & Defense
* Autos & Transportation
* Commercial Real Estate
* Consumer Products
* Energy
* Entrepreneurship
* Financial Services
* Food & Services
* Health Care
* Hospitality
* Law
* Manufacturing
* Media & Marketing
* Natural Resources
* Retail
C-SUITE
* CFO Journal
* CIO Journal
* CMO Today
* Logistics Report
* Risk & Compliance
COLUMNS
* Heard on the Street
WSJ PRO
* Artificial Intelligence
* Bankruptcy
* Central Banking
* Cybersecurity
* Private Equity
* Sustainable Business
* Venture Capital
MORE
* Business Video
* Journal Report
* Business Podcast
* Space & Science
* Tech
SECTIONS
* CIO Journal
* The Future of Everything
* Personal Tech
COLUMNS
* Christopher Mims
* Joanna Stern
* Julie Jargon
* Nicole Nguyen
MORE
* Tech Video
* Tech Podcast
* Markets
SECTIONS
* Bonds
* Commercial Real Estate
* Commodities & Futures
* Stocks
* Personal Finance
* WSJ Money
* Streetwise
* Intelligent Investor
COLUMNS
* Heard on the Street
* Greg Ip
* Jason Zweig
* Laura Saunders
* James Mackintosh
MARKET DATA
* Market Data Home
* U.S. Stocks
* Currencies
* Companies
* Commodities
* Bonds & Rates
* Mutual Funds & ETFs
MORE
* CFO Journal
* Markets Video
* Your Money Briefing Podcast
* Secrets of Wealthy Women Podcast
Search Quotes and Companies
* Opinion
COLUMNISTS
* Gerard Baker
* Sadanand Dhume
* James Freeman
* William A. Galston
* Daniel Henninger
* Holman W. Jenkins
* Andy Kessler
* William McGurn
* Walter Russell Mead
* Peggy Noonan
* Mary Anastasia O'Grady
* Jason Riley
* Joseph Sternberg
* Kimberley A. Strassel
MORE
* Editorials
* Commentary
* Future View
* Letters to the Editor
* The Weekend Interview
* Potomac Watch Podcast
* Foreign Edition Podcast
* Opinion Video
* Notable & Quotable
* Books & Arts
REVIEWS
* Film
* Television
* Theater
* Masterpiece Series
* Music
* Dance
* Opera
* Exhibition
* Cultural Commentary
SECTIONS
* Arts
* Books
MORE
* WSJ Puzzles
* Life Video
* Arts Video
* Real Estate
SECTIONS
* Commercial Real Estate
MORE
* Real Estate Video
* Life & Work
SECTIONS
* Cars
* Careers
* Entertainment
* Food & Drink
* Home & Design
* Ideas
* Personal Finance
* Recipes
* Style & Fashion
* Travel
* Wellness
COLUMNS
* Your Health
* Work & Life
* The Middle Seat
* Bonds
* At Work
* Turning Points
* Off Brand
* On Trend
* On Wine
MORE
* WSJ Puzzles
* Space & Science
* WSJ. Magazine
SECTIONS
* Fashion
* Art & Design
* Travel
* Food
* Culture
* Sports
COLUMNS
* Jason Gay
SECTIONS
* MLB
* NBA
* NFL
* Golf
* Tennis
* Soccer
Search
Search
Share
* Facebook
* Twitter
* LinkedIn
* Copy Link
* Tech
CHINA’S STARTUPS ARE AWASH WITH MONEY AS BEIJING SHIFTS FOCUS TO ‘HARD TECH’
INVESTORS EMBRACE BEIJING’S PIVOT, EVEN AS CHINESE LEADERS EXERT MORE CONTROL
OVER COUNTRY’S TECH SECTOR AND CHINA-U.S. RELATIONS SOUR
Didi, Alibaba, Tencent: The Risks of Investing in Chinese Tech
Skip Ad
in 15
You may also like
CloseCreated with sketchtool.
Up Next
CloseCreated with sketchtool.
Your browser does not support HTML5 video.
PlayCreated with sketchtool.
Sound OnCreated with sketchtool.
0:00 / 4:58
Closed Captions InactiveCreated with sketchtool.ShareCreated with sketchtool.
0:00
Didi, Alibaba, Tencent: The Risks of Investing in Chinese Tech
Chinese tech stocks popular among U.S. investors have tumbled amid the country’s
regulatory crackdown on technology firms. WSJ explains some of the new risks
investors face when buying shares of companies like Didi or Tencent. Photo
Composite: Michelle Inez Simon (Video from 8/6/21)
By
Liza Lin
Close
LIZA LIN
* Biography
* @lizalinwsj
* liza.lin@wsj.com
,
Jing Yang
Close
JING YANG
* Biography
* @jingyanghk
* jing.yang@wsj.com
and
Keith Zhai
Close
KEITH ZHAI
* Biography
* @qizhai
* keith.zhai@wsj.com
Updated Jan. 13, 2022 2:39 am ET
Print
Text
Your browser does not support the audio tag.
Listen to article
Length 2 minutes
AD
Loading advertisement...
00:00 / 01:57
1x
This article is in your queue.
Open Queue
China is luring record levels of investment into the country’s technology
sector, even as it clamps down on consumer-technology firms like Alibaba Group
Holding Ltd. and ride-hailing company Didi Global Inc.
Unlike in previous years, when most Chinese tech funding went to internet
startups in e-commerce, the bulk of the money in the past year headed into areas
that hew more closely to Communist Party priorities, such as semiconductors,
biotechnology and information technology.
To Read the Full Story
Subscribe Sign In
CONTINUE READING YOUR ARTICLE WITH
A WSJ MEMBERSHIP
SPECIAL OFFER
LESS THAN US $1/WEEK
View Membership Options
RESUME SUBSCRIPTION
We are delighted that you'd like to resume your subscription.
You will be charged $ + tax (if applicable) for The Wall Street Journal. You may
change your billing preferences at any time in the Customer Center or call
Customer Service. You will be notified in advance of any changes in rate or
terms. You may cancel your subscription at anytime by calling Customer Service.
Please click confirm to resume now.
Confirm
Sponsored Offers
* Wayfair:
Wayfair Winter Sale: 22% off Vitamix Explorian Series E310 Blender
* Target:
Up to 60% off - Target Promo Code
* Macy's:
Macy's coupon - Sign up to get 25% off next order
* Kohl's:
30% off for Rewards members
* Saks Fifth Avenue:
$20 off sitewide + free shipping - Saks Fifth Avenue coupon
* PrettyLittleThing:
Sign up for emails and get 20% off PrettyLittleThing discount code + $1
shipping
MOST POPULAR NEWS
* TEACHERS ARE QUITTING, AND COMPANIES ARE HOT TO HIRE THEM
* CHESLIE KRYST, FORMER MISS USA, DIES AFTER FALLING FROM NYC APARTMENT
BUILDING
* THE NEW CLUES ABOUT WHO WILL DEVELOP LONG COVID
* JOE ROGAN APOLOGIZES, SPOTIFY PUBLISHES CONTENT POLICY AFTER NEIL YOUNG
OUTCRY
* SIX EXERCISES TO PREVENT FALLS AND BUILD HEALTHIER HIP, KNEE AND ANKLE JOINTS
MOST POPULAR OPINION
* OPINION: ‘GET SMART’ ABOUT BIDEN’S CHAOS
* OPINION: POLITICS AND THE ‘GREAT CONFINEMENT’
* OPINION: THE SUPREME COURT NEEDS DIVERSITY IN MORE WAYS THAN ONE
* OPINION: CONGRATS, YOU’VE WON A HIGHER ELECTRIC BILL!
* OPINION: PUTIN IS ALREADY IN CUBA AND VENEZUELA
RECOMMENDED VIDEOS
* NORTH KOREAN MISSILE CAPTURES IMAGES OF EARTH FROM SPACE
* NOR’EASTER HITS EAST COAST BRINGING HEAVY SNOW, HIGH WINDS TO MILLIONS
* DISPATCH FROM KHARKIV: LIFE IN A UKRAINIAN BORDER CITY NEAR RUSSIA
* WATCH: JOE ROGAN ADDRESSES SPOTIFY CONTROVERSY, VOWS FOR MORE BALANCE
* CHINA’S MARS PROBE TAKES SELFIES WHILE FLYING ABOVE THE RED PLANET
* The Wall Street Journal
*
English Edition
* English
* 中文 (Chinese)
* 日本語 (Japanese)
* * Subscribe Now
* Sign In
* Back to Top «
WSJ Membership
* WSJ+ Membership Benefits
* Subscription Options
* Why Subscribe?
* Corporate Subscriptions
* Professor Journal
* Student Journal
* WSJ High School Program
* Public Library Program
* WSJ Live
Customer Service
* Customer Center
* Contact Us
Tools & Features
* Emails & Alerts
* Guides
* Topics
* My News
* RSS Feeds
* Video Center
* Watchlist
* Podcasts
* Visual Stories
Ads
* Advertise
* Commercial Real Estate Ads
* Place a Classified Ad
* Sell Your Business
* Sell Your Home
* Recruitment & Career Ads
* Coupons
More
* About Us
* Commercial Partnerships
* Content Partnerships
* Corrections
* Jobs at WSJ
* News Archive
* Register for Free
* Reprints & Licensing
* Buy Issues
* WSJ Shop
* Facebook
* Twitter
* Instagram
* YouTube
* Podcasts
* Snapchat
* Google Play
* App Store
Dow Jones Products
* Barron's
* BigCharts
* Dow Jones Newswires
* Factiva
* Financial News
* Mansion Global
* MarketWatch
* Private Markets
* Risk & Compliance
* WSJ Pro
* WSJ Video
* WSJ Wine
* Privacy Notice
* Cookie Notice
* Copyright Policy
* Data Policy
* Subscriber Agreement & Terms of Use
* Your Ad Choices
* Accessibility
* Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved.