Around 11% of Tencent's startup investments have been in the healthcare sector over the past five years as the internet company diversifies.

Scott Moonly will lead the advanced materials producer’s healthcare fund, sustainability fund and internal ventures.

Hideaki Matsuoka, formerly venture unit head at the pharmaceutical firm’s accelerator programme, has become head of ideation and creation.

Vivian Cheng, formerly principal at venture firms CRV and Javelin Venture Partners, has joined the German industrial group’s CVC arm.

The amount of dry powder for secondary investments is expected to reach $180bn by the end of 2024.

Perspectives on generative AI from corporate investors at the GCVI Summit in Monterey.

In fact, doing it badly is worse than not having any CVC activity at all.

Global Corporate Venturing analysis indicates that companies with active CVC programmes have higher revenue, EBITDA and cash flow growth.

Ana Troncoso Ceola will lead ABB Motion Ventures focused on sustainability and energy transition, which falls under the ABB Ventures umbrella.

Kevin Ssemwogerere, previously a renewable energy-focused CVC lead, is appointed SVP of investment banking ventures at the South African bank.