OpenNashPodcasts

Topic

Tencent

15 facts from 10 episodes, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.

2011

Tencent first invested in Riot Games around 2010 and acquired the company in 2011.

“they first invested in Riot, I think in 2010, and then they bought the company in 2011.”

Acquired · Epic Games, 0:53:23

2011

Groupon entered China through a joint venture with Tencent called Gaopeng.

“They do a JV. If anybody can succeed here, it's Groupon called Gaopeng.”

Acquired · Meituan, 0:27:49

2012

In 2012, Epic Games sold equity for the first time, with Tencent buying a 40% stake for 330 million dollars.

“agrees in 2012 for the first time ever to sell any equity in Epic games.”

Acquired · Epic Games, 0:53:58

2014

According to limited reporting cited by the hosts, Tencent was close to buying WhatsApp for high single-digit billions of dollars before the Facebook deal.

“Apparently Tencent was ready to do a deal to buy WhatsApp for in the single digit billions, high single digit billions.”

Acquired · WhatsApp, 0:58:52

2014

At Tencent's urging, Dianping led an $80 million investment in food delivery company Ele.me in 2014.

“So at Tencent's urging, Dianping goes out and leads a $80 million strategic investment in another company in the space.”

Acquired · Meituan, 0:55:47

2017

Tencent bought a roughly 5% stake in Tesla in 2017, according to the hosts.

“Tencent is one of the largest shareholders in Tesla. They bought a 5% stake in 2007, I think, or 2017, sorry.”

Acquired · Pinduoduo, 0:49:14

2017

In February 2017 Tencent led a $110 million Series B investment in Pinduoduo.

“Tencent decides to essentially king make Pinduoduo here in this category. And this is such a strategically important category to them, as we've discussed, they lead a $110 million Series B in Pinduoduo.”

Acquired · Pinduoduo, 0:50:01

2018

Ben Gilbert calculates that Tencent's 330 million dollar stake in Epic was worth about 5.4 billion dollars at the 2018 valuation.

“That's now worth $5.4 billion if I did my dilution math right there.”

Acquired · Epic Games, 1:36:53

2019

In July 2019 the NBA announced a five-year, $1.5 billion deal with Tencent to stream games in China.

“in July 2019. They also announced a five-year, $1.5 billion streaming deal with Tencent in China to stream NBA games in China.”

Acquired · The NBA, 1:42:30

2021

Meituan's market cap reached about $300 billion in February 2021, making it China's third-largest tech company behind Tencent and Alibaba.

“By February of this year, just a couple of weeks ago of 2021, hits $300 billion market cap”

Acquired · Meituan, 1:24:39

Undated

ByteDance never took investment from Tencent or Alibaba, unlike many other Chinese tech startups.

“somehow that company has never taken investment from Tencent or Alibaba.”

Acquired · TikTok, 0:59:57

Undated

Qihu 360 and Tencent fought a dispute in which each told users the other's software was malware, which led to a major early Chinese internet antitrust case.

“They got into a fight where it was actually very similar to what's happening right now, where they basically told their users that the other software program was malware”

Acquired · Special: 2021 China Tech Trends (with Tech Buzz China), 1:09:02

Episodes