Chinese e-commerce giant Alibaba has a few holdings in the list of 25 companies, while other major Chinese tech companies like Xiaomi, Meituan and Baidu each have stakes in one or two of the stocks, the analysis found. Also appearing frequently, typically with smaller stakes, were U.S. asset managers BlackRock and Vanguard.
While Shenzhen-based Tencent is best known for its video games and WeChat messaging app that's ubiquitous in China, the company has also grown into an investing giant.
Tencent's holdings in publicly listed companies last year rose by 785.11 billion yuan ($122.7 billion) — more than the 160 billion yuan ($25 billion) in profit reported for the year, according to the company's annual report. That's not including its subsidiaries.