Tencent's startup investment frenzy goes outer space
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Beijing
TENCENT Holdings Ltd is best known for super-app WeChat and its relentless pace of startup investment. Now the Chinese social media giant is looking beyond Earth-bound opportunities.
China's largest corporation has invested in Moon Express, a startup that aims to put drones on the lunar body; Argentina's Satellogic, which specialises in satellite imagery; and Planetary Resources, which is looking into asteroid-mining. They are an unusual trio of investments for a company that typically seeks out terrestrial entertainment content and up-and-coming technologies such as artificial intelligence and virtual reality.
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