What do the global empires of China’s tech giants look like? It’s a harder question than you might think.

I’ve been wondering about this since last year, when we took a look at Tencent’s overseas investments. Trying to map out the company’s web of funding rounds and acquisitions, we realized this simple question is actually really hard to answer.

Startup investing is an opaque world—while private companies usually announce the names of participants in their fundraising, no one knows how much the players put in. There’s sources like Crunchbase that compile this data, but getting a full picture is not easy.

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Chris Udemans

Christopher Udemans is a Shanghai-based data and graphics reporter. He covers Chinese artificial intelligence, mobility, and cybersecurity. You can contact him at chrisudemans [at] technode [dot] com.