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'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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