James Mawson, editor in chief, explores Alibaba and Tencent's different approaches to managing portfolio companies

Which camp are you in? In China, it seems, there is e-commerce firm Alibaba and there is internet company Tencent. Alibaba and Tencent account for 40% to 50% of venture capital flows in mainland China, according to data from McKinsey quoted by Financial Times reporter Henny Sender, who is to moderate a panel at the GCV Asia Congress in Hong Kong on September 20.

Their approaches, however, seem slightly different at the operational level in how they engage with portfolio…