Chinese tech giant Tencent Holdings said it will step up its investment overseas and in industries such as “smart retail”, having already invested in more than 800 companies. Tencent is known to have stakes in firms such as food delivery giant Meituan Dianping, e-commerce site Pinduoduo and video game companies such as Riot Games and Supercell. “Previously our traditional investment sectors were mostly focused on video games content and frontiers of science and technology,” Lau told a gathering of more than 500 Tencent-backed companies. …read more
Source:: Yahoo Finance
