Tencent added huge private equity deals to investments in the likes of Meituan-Dianping, Go-Jek and Flipkart before a run of huge IPOs late in the year.
The Google owner committed big money to Lyft and Airbnb as GV increased its late-stage deals, formed an AI fund called Gradient and exited from Snap and Cloudera in IPOs.
The telecommunications group raised almost $98bn for its Vision Fund and dominated the tech VC space in 2017.
The upper end continued to grow and corporates launched a raft of AI funds, as bike sharing, real estate, smart vehicles and urban farming drew capital.
What were the most important trends in 2017?
Five companies backed by internet company Tencent raised large amounts in their initial public offerings (IPOs) over the past few months. It appears to be a bout of IPO exits that may not ended yet.