Customers look on as a NIOInc. EP9 sports car stands on display inside the Nio House showroom at the Shanghai Tower in Shanghai, China, on Friday, Sept. 14, 2018. NIO last weekbecame the first major electric-car maker to have a U.S. initial public offering since Tesla Inc.in 2010. Photographer: Qilai Shen/Bloomberg
TENCENT Holdings Ltd, one of China’s most influential companies, is also one of the most active technology investors, backing some of the world’s biggest initial public offerings.
There is just one problem: The technology giant’s support doesn’t make these deals a sure thing for investors.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
