Tencent had already invested RMB2bn of its committed RMB10bn ($1.5bn) Industrial Collaboration fund in the first six months and has set up joint ventures with Groupon for discount coupons in China and chip maker Intel for social gaming.
China-listed internet services provider Tencent has doubled to RMB10bn ($1.5bn) its corporate venturing fund launched at the start of the year.
Tencent had already invested RMB2bn of its committed RMB5bn Industrial Collaboration fund in the first six months and has set up joint ventures with Groupon for discount coupons in China and chip maker Intel for social gaming.
Earlier in the month, Tencent committed RMB700m to an incubation fund operated by Innovation Works after investing $50m in local online footwear…
