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Tencent Holdings of China first reviewed its investment performance in detail, saying 2018 was the best year, and vowed to look for more opportunities, despite challenging prospects and fears of losing focus.
President Andy Lau told a closed-door investor conference in Beijing last month that China's social media and gambling giants have invested more than 700 companies in the past 11 years.
According to Reuters'comments, 63 of them are now listed and 122 are worth more than $1 billion.
Last year, he said, was a listing record, with 16 Tencent-backed companies listed.