Chinese internet giant Tencent Holdings is one of the most active investors in the technology world. Photo: Bloomberg
China’s Tencent chilled by ‘cold winter’ in business environment as it bets on fewer companies this year
- Chinese internet giant Tencent Holdings, one of the most active investors in the tech world, put money into 108 deals this year compared to 162 in 2018
- The company’s president Martin Lau had warned earlier this year of a sharp downturn due to “bigger challenges” in 2019
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Chinese internet giant Tencent Holdings is one of the most active investors in the technology world. Photo: Bloomberg