Tencent Investment
Profile, fund size and portfolio
Tencent Investment is the corporate venture arm of Tencent Holdings Limited (internet, gaming, fintech and cloud). It was founded in 2008 and is based in Shenzhen, China. It invests from Seed to Late stage in social and digital content, retail, finTech.
- Assets under managementS1
- CNY 957.2bn
Every figure links to its source
Snapshot
Data behind this graphic
| Item | Value |
|---|---|
| Stage range | Seed to Late stage |
| Sectors | Social and digital content, Retail, FinTech, Healthcare, Cloud and AI, Transportation |
| Geography | China , US, Southeast Asia , Europe , Latin America ; US-listed subset from Schedule 13D/13G |
| Offices | Shenzhen, China, Hong Kong, China |
Sources: S1 Tencent Annual Report 2025: Investments Held (MD&A p.22) and Directors' Report; S10 SEC EDGAR full-text search: Schedule 13D/13G filings naming Tencent Holdings Limited (run 2026-09-30).
Data behind this graphic
The firm has not published a portfolio breakdown.
Sources: .
Data behind this graphic
| Measure | Value | Unit | Kind | Source |
|---|---|---|---|---|
| Headline size | CNY 957.2bn | Assets under management | Stated by the firm or its parent | S1 |
| Companies backed | 800+ | companies | Reported in the press | S5 |
| Companies on the firm's portfolio page | 64 | companies | Counted from the firm's own list | S10 |
Sources: S1 Tencent Annual Report 2025: Investments Held (MD&A p.22) and Directors' Report; S5 Jiemian / STAR Market Daily: 800+ companies invested, Tencent Investment (Chinese, 2020-04-18); S10 SEC EDGAR full-text search: Schedule 13D/13G filings naming Tencent Holdings Limited (run 2026-09-30).
Where it invests and who leads it
Geography
- Headquarters
- Shenzhen, China
- Offices
- Shenzhen, China
- Hong Kong, China
Investment regionsS1S10
- China , US, Southeast Asia , Europe , Latin America ; US-listed subset from Schedule 13D/13G
LeadersS2S3S4
- Martin Lau (Lau Chi Ping)President, Tencent Holdings (joined 2005 as Chief Strategy and Investment Officer)Find on LinkedInFirm page
- James MitchellChief Strategy Officer and Senior Executive Vice President (responsible for strategic planning, investor relations, M&A and investment activities)Find on LinkedInFirm page
- Li Zhaohui (Jeffrey Zhaohui Li)Vice president and head of investment department at Tencent; managing partner of Tencent InvestmentFind on LinkedInFirm page
Key facts
| Fact | Value | Status | Source |
|---|---|---|---|
| Parent company | Tencent Holdings Limited | Single source | S1 |
| Parent industry | Internet, gaming, fintech and cloud | Single source | S1 |
| Founded | 2008 | Single source | S5 |
| Headquarters | Shenzhen, China | Single source | S1 |
| Status | Active | Single source | S1 |
| Capital source | Parent company only | Single source | S1 |
| Headline size | CNY 957.2bn (Assets under management) | Single source | S1 |
| Companies backed | 800+ | Single source | S5 |
| Stages | Seed, Series A, Series B, Series C+, Growth, Late stage | Single source | S1 |
Portfolio
The firm's portfolio page lists 64 companies.S10
The firm also states 800+ companies backed. The page list and the stated total measure different things.S5
Every company on the Tencent Investment list
64 companies, as listed on the firm's own website.S10 Read the firm's list.
- 21Vianet Group, Inc.
- 58.com Inc.
- Activision Blizzard, Inc.
- AgiBot
- Amer Sports, Inc.
- Bilibili Inc.
- BITAUTO HOLDINGS LTD
- Cango Inc.
- Cheche Group Inc.
- Cheetah Mobile Inc.
- China Biologic Products Holdings, Inc.
- Cloopen Group Holding Ltd
- CTRIP COM INTERNATIONAL LTD
- DiDi Global Inc.
- DouYu International Holdings Ltd
- eLong, Inc.
- Expedia, Inc.
- Farfetch Ltd
- Futu Holdings Limited/ADR
- Futu Holdings Ltd
- Global Blue Group Holding AG
- GLU MOBILE INC
- Horizon Quantum Holdings Ltd.
- HUYA Inc.
- iDreamSky Technology Ltd
- JD.com, Inc.
- Kanzhun Ltd
- KE Holdings Inc.
- Kingsoft Corp Ltd
- Kling AI
- Leju Holdings Ltd
- Lilium N.V.
- MiniMax
- Missfresh Ltd
- MOGU Inc.
- Moonshot AI
- Neolix
- NIO Inc.
- Nu Holdings Ltd.
- Pinduoduo Inc.
- Qutoutiao Inc.
- Reddit, Inc.
- Riot Games
- Sea Ltd
- SOGOU INC.
- SOHU COM INC
- Sohu.com Ltd
- Spotify Technology S.A.
- StepFun
- Supercell
- Tesla, Inc.
- TH International Ltd
- Tuniu Corp
- Tuya Inc.
- Unitree Robotics
- Vipshop Holdings Ltd
- W4 Games
- Warner Music Group Corp.
- Waterdrop Inc.
- YXT.COM GROUP HOLDING Ltd
- Zenvia Inc.
- Zhihu Inc.
- Zhipu
- ZKH Group Ltd
Fund vehicles
| Vehicle | Size | Year | Note | Source |
|---|---|---|---|---|
| Investment portfolio on balance sheet, 2025-12-31 | CNY 957.2bn | 2025 | Associates, joint ventures and financial assets at fair value; listed RMB672.7bn, unlisted RMB363.1bn | S1 |
| Investment portfolio on balance sheet, 2024-12-31 | CNY 817.7bn | 2024 | Listed RMB569.8bn, unlisted RMB335.6bn | S1 |
| Industry win-win fund (announced 2011-01-24, existing profile) | CNY 5bn | 2011 | RMB 5B per Jiemian 2020; fund-level documents not found | S5 |
For founders
Notable outcomes
IPOs and acquisitions of portfolio companies. Price shown only where published.
Recent rounds
History
- Investment and M&A department set up (Morgan Creek, via existing profile).S5
- RMB 5B industry win-win fund announced 2011-01-24 (Jiemian).S5
- Record year: 296 investments, over RMB 139.5B (IT Juzi via Huxiu); JD.com distribution in specie announced 2021-12-23.S6
- Meituan distribution in specie announced 2022-11-16.S15
- Investment portfolio RMB957,219M at year end; 37 investments in the year (IT Juzi).S1
- MiniMax and Zhipu list on HKEX; W4 Games Series B led (August).S7
Official pages
Read the firm's own pages for current information.
- Website www.tencent.com/en-us/investors.html
Sources
- S1Tencent Annual Report 2025: Investments Held (MD&A p.22) and Directors' ReportFiling
- S2Tencent site: Martin Lau, President (team page)Firm
- S3Tencent site: James Mitchell, Chief Strategy Officer (team page)Firm
- S4KE Holdings investor site: Jeffrey Zhaohui Li board bio (vice president and head of investment department at Tencent, managing partner of Tencent Investment)Third-party report
- S5Jiemian / STAR Market Daily: 800+ companies invested, Tencent Investment (Chinese, 2020-04-18)Press
- S6YOUNG Finance via Huxiu: what Tencent invested in over the past year (Chinese, 2026-02-06)Press
- S7Pedaily: Tencent IPO pipeline, exits from JD and Meituan (Chinese, 2026-02-02)Press
- S8VR.org: Tencent led USD 18M Series B in W4 Games (2026-08-26)Press
- S9MLQ News: Kling AI raises USD 2.8B, Tencent invested USD 200 million (2026-07-03)Press
- S10SEC EDGAR full-text search: Schedule 13D/13G filings naming Tencent Holdings Limited (run 2026-09-30)Filing
- S11Tencent Interim Report 2025 (Sea Limited 17.6 percent, associates)Filing
- S12Tencent site: management team pageParent company
- S13Search result listing a James Mitchell LinkedIn profile (not matched: headline firm not shown)Third-party report
- S14Tencent HKEX announcement: JD.com distribution in specie (2021-12-23)Filing
- S15Tencent HKEX announcement: Meituan distribution in specie (Chinese, 2022-11-16)Filing
Disclaimer and corrections
Not affiliated. This page is not affiliated with, endorsed by or sponsored by Tencent Investment or any company named on it. Names and trademarks belong to their owners. Informational only. This is a public-source reference. It is not investment, legal or tax advice and not an offer or solicitation. Sources. Each figure names its source. Figures may have changed. Please read the firm's official pages, linked above. Corrections and takedown. To report an error or ask for a change or removal, use the correction form or email Richard@CorporateVentureCapital.com.
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