Global opportunity with other top-tier partners gives the China-based media and internet conglomerate an edge to maintain its local dominance.
It seems oxymoronic to describe a company as cautiously aggressive but these two descriptors come up most commonly when people privately discuss Tencent, a China-based, corporate venturing-backed, online media conglomerate that has this year set up the world’s biggest debut corporate venturing fund.
That, and smart, as Tencent has achieved a 5,000-fold rise in its share price since it floated in 2004, which has turned a $32m investment by South Africa-based media group Naspers’ corporate venturing unit Myriad International Holdings…
