With the collapse in both public and private valuations, investment gains are not expected to provide a boost to Tencent Holdings’ earnings. Illustration: Shutterstock
exclusive | China’s Big Tech companies, from Tencent to ByteDance, cut back on strategic investments as Beijing’s scrutiny continues
- Tencent has downsized its investment department, months after TikTok owner ByteDance dissolved its own strategic investment unit
- The Shenzen-based internet giant made just 32 investments and acquisitions in the first half of this year, compared with 129 in the same period in 2021
With the collapse in both public and private valuations, investment gains are not expected to provide a boost to Tencent Holdings’ earnings. Illustration: Shutterstock
