Tencent fund eyes Internet investment
By Zhu Shenshen |
January 26, 2011, Wednesday
|
Print Edition
Print Edition
TENCENT Inc has established a fund of 5 billion yuan (US$760 million) to invest in the Internet, part of its open-platform strategy in the mobile and Internet sectors, China's No. 1 dot-com firm said yesterday.
The Shenzhen-based company aims to invest the fund within two or three years, mainly in online games, social networking, mobile Internet, e-commerce and new media.
"Through the investment, we show our commitment to keeping an open strategy," Liu Zhiping, Tencent's president, said in an e-mail statement.
Tencent aims to promote its "open platform" strategy through the fund, industry insiders said.
Tencent's fund will operate like those of other information technology firms, including Intel Capital, Google Ventures and Nokia Growth Partners, and this will boost the whole industry, the company said.
Tencent is widely regarded as a threat to small innovation firms because of its dominant market position, especially after its fierce fight against Internet security firm Qihoo 360 last year.
Now Tencent dominates the Chinese online game market and has the country's most popular instant messaging tool, QQ, with more than 1 billion registered users.
The Shenzhen-based company aims to invest the fund within two or three years, mainly in online games, social networking, mobile Internet, e-commerce and new media.
"Through the investment, we show our commitment to keeping an open strategy," Liu Zhiping, Tencent's president, said in an e-mail statement.
Tencent aims to promote its "open platform" strategy through the fund, industry insiders said.
Tencent's fund will operate like those of other information technology firms, including Intel Capital, Google Ventures and Nokia Growth Partners, and this will boost the whole industry, the company said.
Tencent is widely regarded as a threat to small innovation firms because of its dominant market position, especially after its fierce fight against Internet security firm Qihoo 360 last year.
Now Tencent dominates the Chinese online game market and has the country's most popular instant messaging tool, QQ, with more than 1 billion registered users.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
