They rolled in the wrong direction. They rolled down and should have rolled up. Regarding these companies, their views have not changed. They are efficiency oriented enterprises that do not make cakes, but only distribute them. This way, the cake is limited, and there are limits to efficiency. No matter how much cake is divided, it is always so large. Ant Financial Services understands this principle and is released. It cannot be rolled down anymore, but can only be rolled up in order to support entities, rather than cutting them.

Why have they been scattered in recent years because they are weak, lack their core technology, are common problems in efficient enterprises, and are easily replaced. What you can do can also be done by others.

In recent years, Tencent and Alibaba have made a lot of money, but they have done some messy things that are clearly visible.

Jack Ma's Alibaba has forgotten his original intention in this regard, and if he takes on social responsibility, money will come on his own. $Alibaba(BABA)$ $Tencent(00700)$