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21 December 2017

2017 Roundup: Tencent

Tencent added huge private equity deals to investments in the likes of Meituan-Dianping, Go-Jek and Flipkart before a run of huge IPOs late in the year.

Author: Robert Lavine, News Editor

China-based internet group Tencent had another bumper year in 2017, definitively passing its key domestic rival, e-commerce firm Alibaba, in terms of corporate venturing. Both companies made several large investments, but Tencent won out in the end through dint of sheer numbers.