Story thread · 2 reports / 2 sources

From Moonshot to Enflame: how Tencent is betting big on China’s AI champions

scmp.com · 15dShare

Tencent Holdings is quietly reallocating its venture capital bets away from legacy internet assets to double down on China’s highest-profile artificial intelligence champions. While the tech giant’s sprawling portfolio spans mobile gaming, e-commerce and consumer goods globally, its AI strategy has rapidly accelerated. Earlier this month, Tencent trimmed its long-held stake in Kuaishou Technology days after backing a US$3 billion round for Kuaishou’s AI video unit, Kling AI. Tencent did not...

First report: Hot Five: Neon raises $13m, one month of Pokémon Champions, and Tencent reportedly in talks to purchase SuperPlay — pocketgamer.biz, 15d