According to foreign media reports, US President Donald Trump issued an executive order on the grounds of national security to prohibit transactions involving WeChat and its parent company Tencent in the United States. This article counts the huge investments Tencent has made in the United States and other overseas countries:
United States
——Tesla: Tencent spent $1.78 billion in 2017 to acquire 5% of the electric car manufacturer’s shares. Tesla CEO Elon Musk called Tencent “Tesla’s Investors and advisors”.
——Riot Games: Tencent acquired a majority stake in the “League of Legends” game developer in 2011 and completed the wholly-owned acquisition in 2015.
Activision Blizzard: Tencent has a minority stake in the developer of Call of Duty . According to data from the market research firm Tower Sensor, Tencent launched the mobile version of “Call of Duty” last year, which has been downloaded 45 million times in the United States.
——Epic Games: Tencent acquired a minority stake in 2012.
——Snap: Tencent acquired a 12% stake in this instant messaging application operator in 2017.
——Reddit: This social media platform raised US$300 million in a financing led by Tencent in 2019, with a market value of US$3 billion.
International
——Spotify: Before going public in New York in 2018, this Swedish music streaming company and Tencent Music Entertainment Group bought each other’s minority stakes.
——Universal Music Group: French media group Vivendi SA revealed in 2019 that it has finalized the sale of 10% of the world’s largest music brand to a consortium led by Tencent, which also has the right to sell at the same price before January 2021 Buy up to 10% of the shares. The deal gave Tencent more exposure to American artists such as Taylor Swift and Kanye West.
——US listed companies: Tencent owns shares in many companies including B Station, Sogou, Huya, Douyu, JD, Pinduoduo, Vipshop, Weilai, and Futu .
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