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Tencent to maintain aggressive investment stance in face of challenging 2019


HONG KONG (Reuters): Tencent Holdings Ltd said investment is central to its overall strategy and so it will maintain its scale of investment after an aggressive 2018, brushing aside near-term risks such as the bursting of China’s tech bubble as economic growth slows.

In the first detailed review of investment performance, President Martin Lau also said 2018 was Tencent’s best year as a record 16 portfolio companies went public, and that it had invested in more than 700 companies over the past 11 years.

Technology , Tencent

   

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