Tencent, the mainland's Internet giant, is now a major shareholder in SNAP, Tesla and Spotify, smashing 20.5 billion of dollars into mergers and acquisitions in mainland China, with rival Alibaba buying 7 billion dollars overseas in 2016 and $2.4 billion in 2017. The tech giants are the latest to expand their power, compared with the Chinese government's current capital controls on ' grey Rhino '. According to the Financial Times, many investors and analysts have pointed out why the technology giants in Beijing to increase capital controls and shrink Fosun Group, Financial Insurance Group, HNA Group and Wanda Group, such as the merger of the Ash Rhino and the acquisition of funds, while there is greater freedom, The reason is that technology companies ' mergers and acquisitions strategy is in line with the country's goal of acquiring technology, and that technology companies have enough money to support mergers and acquisitions, rather than relying on huge financial leverage, and the strategic importance of mergers and acquisitions by technology companies, and less money. The strategy also means growth, such as Alibaba-supported bicycle-sharing company Ofo users, who can use Alipay. Mainland's largest food courier, ticketing and other service providers in the United States, the latest round of fundraising raised 4 billion U.S. dollars by Tencent, Tencent Investment aims to close to a large number of real restaurants and stores of businesses and customers. Traffic is often the most attractive, Tencent micro-messaging applications, the number of active users has been close to 1 billion times, and Alibaba's retail website, Cat and Taobao have nearly 550 million mobile phone month active users. But the huge flow of traffic does little to help overseas mergers and acquisitions, and Tencent's music department is unlikely to be interested in letting Spotify visit Tencent's users. But analysts say the deal is aimed at getting a bargaining chip with the record company and mastering the business model of international companies. Tencent, using Snap to display news services and mobile gaming opportunities, in 2016 Tencent bought a majority stake in Supercell, a Finnish gaming company, with 8.6 billion dollars. Tesla provides Tencent with an opportunity to observe and understand the industry. Tencent and Alibaba only have protected and highly unique market experience, but they all want to expand their business overseas. The McKinsey report points out that the drop-by-investment rivals Uber and Lyft, both for the purpose of learning, Lyft only operate in the US market, allowing drops of travel stakes to be a glimpse of mainland market characteristics. But Alibaba is slightly different, and Alibaba wants to hold most of the stakes and focus on the Southeast Asian market. The report points out that the prevailing wind of the mainland's new intermediate route has not changed, but is led by the technology giants, and now the mainland society, from senior officials to ordinary people, has a sense of national pride in the innovation of mainland enterprises.
