Tencent has pumped billions into 300 companies. Here’s what it’s really buying
Hong Kong (CNN Business)WeChat owner Tencent is more than just one of the world’s biggest internet companies, it’s also a major investor in businesses around the globe.
In the past 10 years, the Chinese tech firm has plowed billions of dollars into more than 300 companies — from traditional retailers to electric-car companies — according to Crunchbase, which tracks funding for private companies.
The investments have long raised questions about Tencent’s (TCEHY) strategy, especially when they target industries that appear unrelated to its main businesses of gaming and social media.
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