I think the main issue is not whether Chinese tech companies have a future in AI, but how quickly they can turn investments into profits.
$TENCENT(00700)$ and
$Alibaba(09988)$ still have strong core businesses, but rising AI spending and competition could pressure earnings in the near term.
Personally, I will not rush to buy the dip just because the Hang Seng TECH Index has fallen below 4,000. Lower prices do not automatically mean better value if earnings forecasts are also declining. I will watch for improving cash flow, AI monetization and earnings stability before adding exposure.
That said, I remain open to opportunities if valuations become more attractive and fundamentals stabilize. I care more about earnings revisions and market breadth than the psychological 4,000 level. My approach is to accumulate gradually when the risk-reward ratio improves, rather than trying to predict the bottom.
@TigerStars @Tiger_comments @TigerClub
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