Returns from ByteDance, Kuaishou, Xiaomi buoyed gains. :
China may have lost the top spot on the new Forbes Midas List on Tuesday, but the country still had a bigger overall presence on this year’s rankings of the world’s top venture capitalists compared with a year ago. China-based investors accounted for 21 spots on the new list, an increase of one from last year, buoyed by big returns on technology companies such as ByteDance, Kuaishou and Xiaomi.