Winner Take All #220 | Farfetch Buys Yoox Net-a-porter, GameStop's Weak NFTs, Tencent is Divesting
Winner Take All
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Tencent Investment Strategy Sends Chill Through China's Tech Sector
The tech giant is shrinking its internet empire to appease regulators and investors. The soft target is part of a broader shift by Tencent to reduce costs as economic growth slows. So, there's a number of things that just don't make sense to me on this.
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