$TENCENT(00700)$ is my longest losing friend. I treat it as an ETF with future potential in the cloud space for China rather than its current games portfolio. I am still optimistic about it in the medium to long term as it expands into more markets for its games. The US-China tension can be double edged. While the stock price is dragged down based on market sentiment and the broad Chinese market poor performance, the tendency for the Chinese to only use a cloud platform from their own country may boost the stock price in the future. The Chinese government has also eased back on regulations which is a good thing. The bagholder experience is definitely a test of faith and patience! Important to know one’s investment horizon. Not for those who want a quick gain in this climate.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.
