Although dozens of Chinese stocks were recently de-listed or suspended trading on the US capital market, Chinese Internet companies have not slowed down their paces for expansion, particularly, Tencent Holdings Limited, Baidu Inc. and Alibaba.com Ltd.
In May 2011, Tencent put CNY 445 million in Huayi Brothers Media Corporation, a film producer. Besides, it also invested in online travel agency eLong Inc.
In June, Baidu injected capitals into Qunar.com, an air ticket booking Web site. On July 7, online group buying Web site Meituan.com revealed the investor list of its second round of financing, saying that the investment was led by Alibaba Group.
All the above investment cases are kicked off in the burgeoning fields that have no relationship with the pillar business of those Internet companies.