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.
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.
Tencent participated in almost 20 nine-figure venture capital rounds over the course of the year, the largest being the $4bn raised by online services provider Meituan-Dianping in October, which was led by Tencent at a $30bn valuation. The…
