BEIJING, Feb. 21 (Xinhua) -- Chinese internet giant Tencent said investment is one of the company's core strategies and it would not downsize its scale of investment in 2019.
The company revealed a detailed report of investment performance for the first time at its recent annual investment meeting. The report showed that 16 portfolio companies Tencent invested in went public last year.
Over the last 11 years, Tencent has made investment in 700 companies, with 63 of them listed. And 122 of the portfolio companies had grown to corporate entities each with the market capitalization exceeding a billion U.S. dollars, according to Martin Lau, president of Tencent.
Lau said Tencent's investment, acquisition and merger arm, founded in 2008, has been focusing on consumer and industrial internet in the world.
"Investment will allow us to further specialize in the area we excel at and gain access to new frontiers by establishing ecological chains with business partners, while creating more value for companies we invested in and boosting the development of the industry," he said.
