The huge strides made by Tencent Investment since 2015 are largely the result of its increased appetite for dealmaking on a grand scale as well as its willingness to look outside of China for new ventures.
Jeffrey Li, managing partner of Tencent Investment, said: “If you compare what we have done in the past two years with before, the key difference is that we have started to do more and more gigantic deals.
“Before that, we passed up on several opportunities to make deals above the $500m level, only because they would have a huge impact on our cashflow. But in recent years we are more likely to do multi-$100m deals, and…
