PrivCo Logo

Investor Highlight: Tencent 💱

Investor Highlight: Tencent 💱
March 22, 2022

The Daily Stack is a daily private market insights newsletter by PrivCo, a private company intelligence platform. Read our previous insights.
If you have friends who would enjoy reading this newsletter, please forward this email to them.

It’s not just the U.S. that has Government and Big Tech battling it out. Today, we’re looking at one investor/conglomerate -- Tencent -- that has ruffled feathers in Beijing amidst years of increasing crackdowns on China's Big Tech brothers, Alibaba and Meituan.

  

Tencent’s mission to use technology for good has earned the company an impressive place in society in the past 24 years. But the Chinese conglomerate with heavy holdings in social media and gaming has been under fire lately for the alleged shirking of compliance regulations in China, particularly for not doing enough to prohibit money laundering through the conglomerate's payments app, WeChat. Then there’s the big tech shakedown from Beijing regulators for anticompetitive practices (similar to the U.S.'s antitrust objections to Meta and Apple).


Meanwhile, the company has its hand in many of the world’s billion-dollar private companies, including games publisher, Epic Games. The Fortnite maker had its own legal dispute against Big Tech giant Apple, which Epic won earlier this year. Moreover, the edtech company BYJU and the social messaging app for the digitally native Discord have both hit decacorn status with Tencent heavily invested.

Bias & Real Estate Tech 
Can remote appraisals undo the racial bias in home appraisals?
[NY Times]
AVs on wheels
Tire giant Bridgestone makes another acquisition in AVs.
[TechCrunch]
Since last week, PrivCo has added:
3,921 Companies | 250 Funding Activities | 177 M&A Deals

Funding & Deal Highlights:

CoinRoutes raises $16MM from Ayon Capital

Cryptocurrency • Round B • San Francisco, CA
 

Ramp raises $750M from Goldman Sachs

Specialty Finance • Debt & Equity • New York, NY
 

Forallsecure raises $21MM from Koch Disruptive Technologies

Cyber Security • Round B • Pittsburgh, PA
 

ATeams raises $5MM 

HR • Seed • New York, NY
 

PlusPlus raises $6.2MM from Freestyle Capital

Productivity • Seed • San Francisco, CA
 

Glia raises $45MM from Insight Partners

Analytics • Round D • New York, NY
 

CommerceIQ raises $115MM from SoftBank Vision Fund

Big Data • Round D • Palo Alto, CA
 

Oncorps raises from Guggenheim Partners

Fintech • Round B • Boston, MA
 

TimeDoc Health raises $48.5MM from Aldrich Capital Partners

HealthTech • Round B • Chicago, IL
 

Tomo Mortgage raises $70MM from Ribbit Capital 

Fintech • Seed • Austin, TX
 

Forward to a Friend Forward to a Friend
Not a subscriber yet? Sign up here!
Have an interesting topic you want us to include. Let us know!
Website
Twitter
LinkedIn
Copyright © 2021 PrivCo Media, LLC. All Rights Reserved.
Unsubscribe | PrivCo.com | Contact Us
PrivCo Logo

Company

HomeSign inContactPricing

Links

SupportFeedbackMedia InquiriesPartnership Inquiries