Tencent scouts for more startup deals, tracking Alibaba in India

Tencent scouts for more startup deals, tracking Alibaba in India

Tencent company name is displayed at a news conference in Hong Kong, China March 17, 2016. REUTERS/Bobby Yip

Tencent Holdings Ltd is fast becoming one of the most influential and closely-watched investors in India’s internet business, as the Chinese giant looks to diversify outside its home market and match arch-rival Alibaba Group Holding Ltd in building a presence in India.

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