Tencent to step up investment overseas and in smart retail

Tencent to step up investment overseas and in smart retail

FILE PHOTO: WeChat mascots are displayed inside Tencent office at the TIT Creativity Industry Zone in Guangzhou, China May 9, 2017. REUTERS/Bobby Yip/File Photo

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.

Those firms include 70 listed companies and over 160 are valued at more than $1 billion, according a speech made by Tencent President Martin Lau at a conference last week which the company posted on its social media account on Monday.

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