$TENCENT(00700)$  In today's market, the expectations surrounding company performance have shifted significantly. For instance, when analysts forecast certain results and a company surpasses those expectations, the stock price doesn't necessarily rise as one might anticipate. This is largely because expectations are inherently based on the data currently available, and since that data is constantly evolving, analysts often struggle to keep up with the market's real-time expectations.

The stock market, by its very nature, is speculative and constantly adjusting during trading hours. As a result, it can quickly factor in better-than-expected performance, often more swiftly than analysts can revise their predictions. This dynamic was evident in the recent results reported by companies like Xiaomi and Tencent, where the market had already priced in expectations ahead of the official numbers.

That being said, despite this complexity, I remain extremely bullish on these companies—Xiaomi, Tencent, and other leading Chinese firms. Their long-term growth potential and innovation continue to make them compelling investment.