The Chinese technology and entertainment conglomerate has slowed corporate investment in technology startups after making successful bets in e-commerce and gaming sectors.

Tencent is preparing to invest at least $5bn this year through its corporate venturing unit, the lower end of its usual range of up to $10bn a year, according to senior insiders.
Dan Brody, managing director of international investments at the Chinese technology and entertainment conglomerate, said in an onstage interview at the GCV Asia Congress this month that Tencent has 100 people in its CVC ...

Want to read this article?

Subscribe to GCV+

or login to your account

James Mawson

James Mawson is founder and chief executive of Global Venturing.
Email LinkedIn