Today, social media and content giant Tencent disclosed its investment record for the first time, Chinese media reports. Over 11 years, Tencent has amassed a portfolio of 700 companies around the globe, 63 of which have gone public.

Martin Lau, president of Tencent Holdings, made the announcement at a closed-door investor conference in Beijing on Wednesday. He added that the company will not shrink its investment volume this year since its investment strategy allows it to focus on its strengths, leaving other areas to their partners.

“2018 was the best year for [Tencent investment], but, this year, we are facing more challenges in the short term,” Lau said. “There are fewer opportunities in growing markets, while competition in mature markets will intensify.”

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Jill Shen

Jill Shen is Shanghai-based technology reporter. She covers Chinese mobility, autonomous vehicles, and electric cars. Connect with her via e-mail: jill.shen@technode.com or Twitter: @yushan_shen