Innovative region: China
Take probably the best venture capital exit you can think of, such as say Meta (then known as Facebook’s) $22bn acquisition of social messaging application WhatsApp in 2014. It was a big win for Sequoia Capital, the company’s only venture investor, which turned its $60m investment into a reported $3bn.
Then multiply it. China-based gaming and internet group Tencent at the end of last year said it would pay a $16.4bn dividend in the stock of China’s second-biggest ecommerce group,…
