China's Tencent says it will not scale back on investments this year

China's Tencent says it will not scale back on investments this year

Photographer: Qilai Shen/Bloomberg

China’s Tencent Holdings will not scale back on investments this year after a record high of 16 companies it invested in launched IPOs last year, President Martin Lau said at a closed-door investor conference in Beijing.

Lau said 2018 was the best year for the company in terms of investment, according to a transcript of his speech made last month and seen by Reuters on Wednesday.

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