Sort of both, but probably you'd classify it as a holding company. They definitely have a lot of stuff they just sit on holding style (e.g. riot games and doze

Sort of both, but probably you'd classify it as a holding company. They definitely have a lot of stuff they just sit on holding style (e.g. riot games and dozens of others), and their name is literally tencent holding or something like that. But on the other hand they've got a lot of stuff built up like qq and wechat.