China’s internet giant Tencent said to raise over $650m for new VC fund A pedestrian walks past Tencent Holdings Ltd.'s new under-construction headquarters in Shenzhen, China, on Monday, Aug. 22, 2016. Photographer: Qilai Shen/Bloomberg Lulu Yilun Chen October 10, 2018 PremiumTencent Holdings Ltd’s investment team is in discussions to raise a new dollar-denominated fund of at least $650 million, according to people familiar with the matter. Continue reading this story with a subscription to DealStreetAsia. Subscribe Already a subscriber? Log in Should your colleagues be reading this article too? Contact us for corporate subscriptions at email@example.com.