Tencent Holdings, China's largest Internet firm by market value, plans to launch a 5 billion yuan ($760 million) fund to invest in online games, social games and mobiles games, Reuters reported Tuesday, citing the Shanghai Securities News .
Tencent, which dominates China's online gaming industry and runs the largest online messaging platform, is currently the sole investor in the fund and aims to actively invest most of the 5 billion yuan in the next two or three years.
China's online games market rose 25 percent in the fourth quarter last year to hit 9 billion yuan ($1.4 billion), with Tencent holding 31 percent of the market, data from iResearch showed.>
