Profile of Tencent, China's most valuable company at ~$900B, with a powerful ecosystem including WeChat, and local and overseas startup investments worth ~$259B
The tech giant has investments worth an estimated $259 billion in Chinese and overseas startups Tweets: @bluff_capital , @jodixu , @jchengwsj , @jingyanghk , and @jchengwsj Tweets: @bluff_capital : $TCEHY China's Tencent Becomes an Investment Powerhouse, Using Deals to Expand Its Empire: The tech giant has investments worth an estimated $259 billion in Chinese and overseas startups https://www.wsj.com/... Jodi Xu Klein / @jodixu : Tencent is sitting on a portfolio worth roughly a quarter of a trillion dollars. “Once Tencent invests in something...it's like a stamp of approval in the Chinese tech space.” https://www.wsj.com/... via @WSJ #China #tech Jonathan Cheng / @jchengwsj : A tech-market boom has yielded huge gains for Tencent, which has invested in hundreds of startups and now sits on a quarter-trillion-dollar portfolio. That's on top of its already-huge core business. “China's best venture-capital fund.” @qtwebb @jingyanghk https://www.wsj.com/... Jing Yang / @jingyanghk : 'I half-seriously call it China's best venture-capital fund,' says Bernstein's Robin Zhu Tencent's investment team has a low profile, still ‘everyone knows they are the 800-pound gorilla in the room’, says Min Lin of NewQuest Capital Partners w/ @qtwebb https://www.wsj.com/... Jonathan Cheng / @jchengwsj : @qtwebb @jingyanghk Conversely, major rivals of Tencent have been largely shut out from WeChat's ecosystem, including Alibaba's e-commerce platforms and short videos on the Chinese version of TikTok. https://www.wsj.com/...