Tencent for the first time disclosed its investment portfolio
Today, the Chinese social media and tech titan Tencent unveiled its portfolio plan over the past 11 years, in which it has amassed 700 companies around the globe and 63 of them have gone public. With regard to 2018, Martin Lau, who gave the speech at the conference, described it the “best year“, but “fewer opportunities will emerge in growing markets, while competition in mature markets will intensify in 2019“. Merge and acquisition can be a way out for Tencent’s business restructure. Instead of focusing and relying too much on existing social media and the currently heavily restricted gaming industry, it is now to prioritize cloud computing and artificial intelligence and target a wider group of industry-focused customers.