Investing in Chinese tech stocks for the long haul

pekss
2023-12-31

Chinese technology stocks are once again caught up in regulatory curbs, as in the latest proposed tightening of the online gaming industry, resulting in significant sell-off of the technology stocks at large, including $Alibaba(BABA)$ $JD.com(JD)$ $Pinduoduo Inc.(PDD)$ and $MEITUAN-W(03690)$ , and especially the gaming giant $TENCENT(00700)$ .

Investors were rushing for the exits in fear that the latest regulatory moves may be the onset of another clampdown on the technology sector. However, I believe on the contrary that the Chinese government is introducing these regulatory measures to promote orderly, healthy, competitive and sustainable growth of the local technology industry, rather than trying to stifle its growth, especially when China has been trying hard to boost its post-pandemic economic recovery that has fallen behind other major economies.

With their still-strong balance sheets and robust fundamentals, backed by huge demands of an enormous domestic market, I remain optimistic of the long-term growth prospects of the Chinese technology stocks and will continue to stay invested in fundamentally strong companies for the long-haul. In a volatile market as such, I would always remind myself of the wise words of Warren Buffett to be fearful when others are greedy and to be greedy when others are fearful.

@TigerWire @TigerEvents @MillionaireTiger @CaptainTiger @VideoLounge @TigerStars 

Embrace 2024: Set Your Goals & Hit the Road!
Happy new year! The beginning of a new year presents an excellent opportunity to reassess investment objectives and approaches. Whether aiming to fine-tune your portfolio or incorporating methods such as dollar-cost averaging (DCA), we're interested in learning more about your investment plans and strategies! Share your new year goals in our topic to win tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
35