Lau will be responsible for managing all of Animoca Brands’ portfolio companies, leading acquisitions and mergers, and external partnerships, Chinese media reported on Monday.
Lau’s last day at Tencent was on July 15, the report said. Lau first joined Tencent in 2016 after spending more than 19 years with McKinsey & Co., rising to the level of a senior partner.
At Tencent, Lau was responsible for the business side of internet insurance, including building up the team, applying for licenses and expanding the business overseas.
Animoca Brands has raised a total of US$675.3 million in funding over 19 rounds, according to Crunchbase data. Its latest raise of US$75 million valued the company at US$5.9 billion.