Core Viewpoint - Tencent has invested in Meituan Longzhu, marking its continued active participation in the venture capital space, especially during a challenging fundraising environment for RMB funds [4][5][6]. Group 1: Investment Details - Chengdu Longzhu Equity Investment Fund was established in 2022 with a capital contribution of 2.303 billion yuan, focusing on private equity investments and asset management [6]. - The largest contributor to Chengdu Longzhu is Tianjin San快科技 Co., Ltd. (Meituan), indicating that this fund is a RMB fund based in Chengdu [6]. - Recently, Chengdu Longzhu added four new partners, including Tencent's Shenzhen Industrial Investment Fund, marking Tencent as the fifth largest shareholder with a contribution of 100 million yuan [7]. Group 2: Recent Investments - Chengdu Longzhu's latest investment was in Xinghaitu (Beijing) Artificial Intelligence Technology Co., Ltd., a humanoid robot startup with a Tsinghua University background, which has completed four rounds of financing this year [8]. - Tencent's involvement as a limited partner (LP) signifies a collaboration between two major internet giants in the venture capital field [9]. Group 3: Market Activity - Tencent has been particularly active in the primary market this year, with notable investments in various funds and companies, including a significant investment in the healthcare sector through Anze Capital [11]. - The company has also participated in other funds, such as Shanghai Lilan Private Investment Fund, further expanding its investment footprint [12]. - The current fundraising difficulties in the primary market highlight the importance of market-oriented LPs like Tencent, which can provide much-needed liquidity to VC/PE firms [13].