In the past 2018, Tencent's investment amount decreased from 180 billion yuan in 2017 to 90 billion yuan, while Ali's investment scale increased from 89 billion yuan to 180 billion yuan. The most important investment cases include 63.588 billion yuan. Hungry, investing 5.453 billion yuan in Real Home and investing 33.467 billion yuan in B2C e-commerce in emerging markets. Among them, Alibaba invested 2,978.6 million yuan in Indian e-commerce Paytm Mall, acquired a majority stake in Turkish e-commerce Trendyol with 5,020.1 million U.S. dollars, and led Indonesia's largest e-commerce platform Tokopedia with 7,362.8 million U.S. dollars
In the investment income disclosed in the financial report, Ali's income decreased year by year from 48.4 billion yuan to 25.4 billion yuan in 2015-2018, while Tencent's income increased year by year from a loss of 200 million yuan to 23.2 billion yuan. It is worth noting that Tencent's revenue of 23.2 billion yuan in 2018 (perhaps higher) is basically comparable to Ali's revenue of 25.4 billion yuan.
Tencent's investment performance will be better if we only look at the IPO exit income. according to the data of Zero2IPO Group, in the first 11 months of 2018, Tencent ranked first in the book amount of China's IPO exit, nearly 80 billion yuan; Morningside capital is more than 50 billion yuan; Sequoia Capital, Gaochun Capital, DST, Qiming Venture Capital, IDG, Shunwei Capital, Gaorong Capital and CMB International are all over 10 billion yuan. The IPO cases of Tencent investment include Pinduoduo, Meituan Review and Yuewen Group, and the investment income of each case is more than 10 billion yuan. As of August 17, 2018, Tencent's share of JD.com increased from 17.6% in May 2014 to 21.25%, while JD.com's share price dropped by 60%, and it lost more than 20 billion yuan in JD.com alone. Tencent's investment income would have been better in 2018 if the stock prices of Jingdong and other companies hadn't plummeted.