China’s digital revolution was bankrolled with dollars, and it has emerged as the world’s second-largest destination for venture capital with more than 3,000 funds. As the revolution rolls on, though, leading investors are as likely to hail from inside China as from overseas. Among them are Alibaba Group and Tencent Holdings, global investor darlings that have morphed into powerful investors in their own right. Alibaba has spent roughly $1.72 billion buying at least 50 startups and small businesses since 2013, while Tencent has doled out at least $780 million over the same period, according to Nikkei Asian Review.