In this land rush no company has been more aggressive than Tencent. Last year the company invested in four of China’s 10 largest tech venture deals and took part in a total of 48 deals worth $6.3 billion, according to Preqin, an alternative-assets data company; by that measure, Tencent was a bigger venture capital player than Alibaba or Baidu or, for that matter, Google. The deluge continued this year: Through April, Tencent had joined another $4 billion worth of deals.
Fortune
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