According to Tencent's response, this development is characterized by continuous investment and refinancing in smart industries, gaming e-sports, content, etc., and continued efforts in areas such as cutting-edge and corporate services, such as AI, autopilot, etc. And increase the layout of overseas investment, including India, Southeast Asia, Europe, South America and so on.
In conjunction with the financial advisors quoted in the 36氪 report, Tencent did not give a clear answer as to whether it has tightened its investment business. According to reports, a financial consultant said, "The Tencent Investment M&A Department is doing all the things that are optimized, such as the merger and holding of existing investment companies, and they are not expanding into new areas."
The outside world’s attention to Tencent’s investment business stems from the brushing of Tencent’s No Dreams. The author Pan Chao said in the article, "This 20-year-old company is becoming utilitarian and short-sighted. His strength is no longer a product business, but an investment in financial technology." The article also pointed out that since 2011, through a set The capital + flow play, Tencent's market value has increased 10 times.
However, since the peak of the market value of HK$4.5 trillion at the beginning of this year, Tencent's share price has been declining, and the company's market value has evaporated more than 200 billion US dollars, setting a record.
Under the turmoil, Tencent's every move is more interesting than before. At the end of last month, Tencent announced the most important organizational restructuring and strategic upgrades in recent years. It said that it would take root in the consumer Internet and embrace the industrial Internet to help the industry and consumers form a new and open connection ecosystem.
Ma Huateng said that Tencent must take the mentality of “re-zeroing the scorecard”, humble and enterprising on the integration trend of new and old industries and the Internet, actively evolve and play the role of “connector” and “ecological co-builder”.
Tencent has adjusted its original seven business groups to six, including the newly established Cloud and Smart Industry Group (CSIG), Platform and Content Business Group (PCG). In the first half of the Internet, Tencent had an advantage in the C-end business. In the second half of the Internet, Tencent launched its B-end.
Regarding investment, the announcement was also mentioned at the time. Tencent said it will continue to invest in the frontier basic sciences and continue to invest in AI laboratories, robotics laboratories and quantum laboratories.
According to IT Orange, as of the end of August this year, the number of companies that Tencent invested in mergers and acquisitions has accumulated at least 628, compared with 456 companies that Alibaba has invested in or acquired.
The most heavily valued of Tencent is the entertainment and gaming industry. In terms of culture and entertainment, there were 133 investment events in Tencent and 86 investment in the game industry. It is worth noting that in the enterprise services for the B-end market, there were 62 investment events in Tencent, ranking third.
Before the rumors of "investment tightening", there were actually news about Tencent's specific investment projects. According to the report of Lei Di.com, the convenience bee has recently received large investments from Tencent and Gaochun. Tencent has declined to comment. On September 30, Mingchuang Premium announced a strategic investment agreement with Tencent and Gaochun Capital, involving a total amount of 1 billion yuan.
Bloomberg also broke news related to Tencent's investment. According to informed sources, Tencent's investment team is discussing the establishment of a new fund of at least $650 million to support existing start-ups in the company's portfolio. However, Tencent is still not finalizing the final amount because it is still evaluating investor interest.