Tencent made a total of about US$120 billion in 2020 through its minority stakes in about 100 listed companies. Such achievements are enough to make any venture capital company in Silicon Valley envious.
Tencent is one of the largest and smartest technology investors in the world, holding shares in a range of companies, including Snap and Meituan. It even had a 5% stake in Tesla.
According to Sina News, Tencent gained about US$120 billion in total in 2020 through its minority stake in about 100 listed companies, which is about six times its expected profit in 2020.
The increase highlighted Tencent's activity as a stock investor, far more than Apple, Alphabet, Microsoft, and Facebook, which have abundant cash reserves. Most of these companies invest their cash conservatively in bon...
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