Winner Take All #220 | Farfetch Buys Yoox Net-a-porter, GameStop's Weak NFTs, Tencent is Divesting
Winner Take All
Tencent's Move to Scale Back Its Investment Portfolio
Tencent's move to scale back its pending and spending in Diva, divest large chunks of its portfolio is representative of a broader shift in the industry. We can't keep providing unlimited support. We're selecting companies that can sustain themselves. Tencent plans to pair backstakes and companies, including ecommerceplayer J.D.com and MyTuan.
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