snoozii
09-28

$TENCENT(00700)$ Tencent has deeper moat than Meta $Meta Platforms, Inc.(META)$ . It is more than social media company( WeChat - 1.3 billion users, qq music - only profitable music streaming service in the world, video streaming, gaming and financial arm). Since the crackdown, it started selling assets they owned, instead buying their own shares. This year it will be 12.7 billion dollar buy back. If you care about market fluctuations, then it is not good buy. But if you only care how much capital investment return from its business, it is no brainer.

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