B2B

Tencent’s investment engine roars back to life

Tencent is currently focused on corporate service businesses, which has already become the internet giant's third-largest field of investment.

In the third quarter, Tencent has been active in terms of private equity investment.

The internet giant made 30 private equity investments between July to September, more than the 22 investments it made in the second quarter, according to data firm ITJuzi.

This beats rival Alibaba, which only made 16 investments in the third quarter.

The past quarter also marks the first anniversary of the transformation that Tencent started in September last year to transform its business from consumer-oriented internet to an industrial-facing one.

This has also been the focus of Tencent’s private equity investment, which has been more focused...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 3 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Share our publication on social media
Share our publication on social media