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Gohsan

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05-22

$Tencent Holding Ltd.(TCEHY)$ incredible value at this price! Steady as she goes 15x PE amazing cheapest in years

05-22

$PLOVER BAY TECH(01523)$ We now know SpaceX also depends on Starlink ie plover Bay tech too!!

05-22

$IFAST(AIY.SI)$ Great growing digital bank with no NPL

05-21

$TENCENT(00700)$ At 52wk low!! Time to get some!

05-13

$PLOVER BAY TECH(01523)$ Ah MSCI just added this stock to its HK index! Short term boost

05-13

Good write up. However as a basic communication tool WeChat is still unrivalled. AI tools will be embedded and used in conjunction with WeChat ecosystem. Tencent is extremely undervalued now worth easily double of current valuation

Why Is Capital Fleeing When Tencent Hasn't Made a Mistake?

05-11

$TENCENT(00700)$ crazy valuation currently as its worth double from here

05-06

$TENCENT(00700)$ Is worth double of current price. PE 13 forward should be at least PE 30

05-04

$PLOVER BAY TECH(01523)$ Singapore Airlines just announced they are installing Starlink WIFI. Good news for our company

02-09

$PLOVER BAY TECH(01523)$ forte is integration with Starlink for n mobile satellite internet. Cruise ships aircraft and emergency vehicles in rural areas. Pep link is essential for uninterrupted datalink from sat/5G/wifi with automatic switching.

02-04

Good results but bad guidance. Still long term should be a duopoly with Eli Lilly

2025-12-03

$Tencent Holding Ltd.(TCEHY)$ love the new "nearby jobs" feature in WeChat. This would be helpful To lots of people. A game changer in fact

2025-12-03

Wonderful feature for the common man!

TENCENT's "Nearby Jobs" Feature Lists Over 100K Positions, Assists 200K Job Seekers

2025-11-10

$Burford Capital Ltd.(BUR)$ Very good news from Argentina perhaps

2025-10-29

Glad I bought some few months ago

UnitedHealth Lifts 2025 Profit Forecast, CEO Eyes Growth In 2026

2025-10-02

$TENCENT(00700)$ why does the Sony law suit has no impact on the stock price?

2025-09-17

$TENCENT(00700)$ suddenly spiked up at 11am. Not sure what's going on

2025-09-05

$MING FAI INT'L(03828)$ fascinating valuation 5x earnings half book value quite reasonable consistent earnings hmmmm

2025-09-05

I read with alarm Tencent is one of the bidders for Starbucks China ops. What the hell is tencent thinking ???? Stay in ur core competency please!!!$TENCENT(00700)$

2025-08-21

$TENCENT(00700)$ 🤪

Go to Tiger App to see more news

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href=\"https://ttm.financial/S/TCEHY\">$Tencent Holding Ltd.(TCEHY)$&nbsp;</a> incredible value at this price! Steady as she goes 15x PE amazing cheapest in years","listText":"<a href=\"https://ttm.financial/S/TCEHY\">$Tencent Holding Ltd.(TCEHY)$&nbsp;</a> incredible value at this price! Steady as she goes 15x PE amazing cheapest in years","text":"$Tencent Holding Ltd.(TCEHY)$ incredible value at this price! Steady as she goes 15x PE amazing cheapest in years","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/566982257284136","isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":566866091774664,"gmtCreate":1779428234856,"gmtModify":1779428957772,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586737504816693","authorIdStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/01523\">$PLOVER BAY TECH(01523)$</a> We now know SpaceX also depends on Starlink ie plover Bay tech too!!","listText":"<a href=\"https://ttm.financial/S/01523\">$PLOVER BAY TECH(01523)$</a> We now know SpaceX also depends on Starlink ie plover Bay tech too!!","text":"$PLOVER BAY TECH(01523)$ We now know SpaceX also depends on Starlink ie plover Bay tech too!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/566866091774664","isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":566825272980320,"gmtCreate":1779418286437,"gmtModify":1779418289558,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586737504816693","authorIdStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/AIY.SI\">$IFAST(AIY.SI)$&nbsp;</a> Great growing digital bank with no NPL","listText":"<a href=\"https://ttm.financial/S/AIY.SI\">$IFAST(AIY.SI)$&nbsp;</a> Great growing digital bank with no NPL","text":"$IFAST(AIY.SI)$ Great growing digital bank with no NPL","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/566825272980320","isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":566511407628888,"gmtCreate":1779341558134,"gmtModify":1779341561142,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586737504816693","authorIdStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a> At 52wk low!! Time to get some!","listText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a> At 52wk low!! Time to get some!","text":"$TENCENT(00700)$ At 52wk low!! Time to get some!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/566511407628888","isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":563695161790688,"gmtCreate":1778653995430,"gmtModify":1778653998560,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586737504816693","authorIdStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/01523\">$PLOVER BAY TECH(01523)$</a> Ah MSCI just added this stock to its HK index! Short term boost","listText":"<a href=\"https://ttm.financial/S/01523\">$PLOVER BAY TECH(01523)$</a> Ah MSCI just added this stock to its HK index! Short term boost","text":"$PLOVER BAY TECH(01523)$ Ah MSCI just added this stock to its HK index! Short term boost","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/563695161790688","isVote":1,"tweetType":1,"viewCount":76,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":563625143083368,"gmtCreate":1778636995973,"gmtModify":1778637020580,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586737504816693","authorIdStr":"3586737504816693"},"themes":[],"title":"","htmlText":"Good write up. However as a basic communication tool WeChat is still unrivalled. AI tools will be embedded and used in conjunction with WeChat ecosystem. Tencent is extremely undervalued now worth easily double of current valuation&nbsp;","listText":"Good write up. However as a basic communication tool WeChat is still unrivalled. AI tools will be embedded and used in conjunction with WeChat ecosystem. Tencent is extremely undervalued now worth easily double of current valuation&nbsp;","text":"Good write up. However as a basic communication tool WeChat is still unrivalled. AI tools will be embedded and used in conjunction with WeChat ecosystem. Tencent is extremely undervalued now worth easily double of current valuation","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/563625143083368","repostId":"1154565874","repostType":2,"repost":{"id":"1154565874","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1778588633,"share":"https://ttm.financial/m/news/1154565874?lang=en_US&edition=fundamental","pubTime":"2026-05-12 20:23","market":"nz","language":"en","title":"Why Is Capital Fleeing When Tencent Hasn't Made a Mistake?","url":"https://stock-news.laohu8.com/highlight/detail?id=1154565874","media":"Deep News","summary":"Over the past few months, Tencent's stock price has been puzzling. From a high of HK$639 in early 2026, it fell to around HK$472 by the end of April, a drop of over 25%. During this period, there...","content":"<p>Over the past few months, Tencent's stock price has been puzzling. From a high of HK$639 in early 2026, it fell to around HK$472 by the end of April, a drop of over 25%. During this period, there were no obvious negative developments for Tencent: gaming revenue remained stable, the advertising business was recovering, and WeChat's monthly active users continued to exceed one billion. Each earnings report was more impressive than the last, yet the stock price kept declining. Analysts offered various explanations, but they often felt superficial—correct yet missing the core issue.</p>\n<p>A new perspective emerged after seeing a screenshot from a friend's phone. It showed iPhone battery usage for the day, with data for two apps side by side: WeChat, with 2 hours and 1 minute of screen-on time, consuming 50% of the battery; and Claude, with 2 hours and 11 minutes of screen-on time, consuming 26%. The usage durations were nearly identical. My friend added a note: \"I'm now spending more time on Claude than on WeChat.\"</p>\n<p>While this single screenshot doesn't prove a macro trend, it offers an observation point: in one specific user's day, an AI application is competing directly with WeChat for attention. Not TikTok, not Weibo, not any product that has challenged WeChat over the past 15 years, but an entirely different type of application.</p>\n<p>Capital markets are pricing in this structural unease. The issue for Tencent is not about today's earnings, but about user time flowing toward a domain where WeChat has never truly established a defense. To understand what this means, we must start from a more fundamental proposition: in an era of information overload, what is the truly scarce resource?</p>\n<p>Attention as a Scarce Resource\nIn 1971, Herbert Simon wrote in a frequently cited yet often misinterpreted paper that an abundance of information necessarily leads to a poverty of attention. His logic was concise and powerful: information consumes the attention of its recipients. Therefore, the more information there is, the scarcer attention becomes. This insight, proposed before the internet's birth, found its full historical weight in the mobile internet era.\nIn 1997, Michael Goldhaber built on this to propose the concept of the \"attention economy\": in the information age, attention itself is currency. Whoever captures user attention can monetize it—whether through advertising, subscriptions, or data. The business models of internet platforms are, in essence, the monetization of attention.</p>\n<p>This framework provides the first key to understanding WeChat's competitive history. Over the past 15 years, every challenge WeChat faced was superficially a battle of product features but fundamentally a reallocation of attention share: telecom operators lost the time and money users spent on SMS; Weibo lost the idle time users spent in public squares; TikTok competed for users' fragmented sensory time during waits, commutes, and before sleep.</p>\n<p>But attention is not homogeneous. Herbert Simon, a cognitive scientist, understood that human cognitive resources exist in hierarchies—superficial perceptual attention and deep, thoughtful attention are qualitatively different. This distinction becomes crucial in the AI era, a point we will return to later.</p>\n<p>From SMS Killer to National Operating System\nTo understand WeChat's competitive history, one must first grasp how disruptive its emergence was. When WeChat launched in 2011, China's mobile communication market was in the golden age of telecom operators. SMS was the main channel for daily communication, MMS was the precursor to social media, and Fetion was China Mobile's failed attempt to build a closed ecosystem. WeChat, with its minimalist instant messaging tool,颠覆了 this order. Leveraging QQ's user base for rapid growth, it used features like \"Shake,\" \"People Nearby,\" and \"Moments\" to transform a communication tool into a social platform. This降维打击 against telecom operators took less than three years.</p>\n<p>WeChat's first real competitors were other instant messaging products. Momo, launched in 2011, focused on stranger social networking and一度 showed fierce user growth. Miliao, a同期 product from Xiaomi with Lei Jun personally endorsing it, was seen as WeChat's most dangerous early rival. However, neither Momo nor Miliao could break through the network effects barrier WeChat had already established.</p>\n<p>Network effects are an extremely残酷的 competitive mechanism. Economists Carl Shapiro and Hal Varian systematically explained this logic in their 1999 book \"Information Rules\": when a product's value increases non-linearly with the number of users, the user base of the first mover itself forms an entry barrier.</p>\n<p>More critically, communication products face \"bilateral lock-in\": you need to convince not only users to switch platforms but also all their contacts simultaneously. This coordination cost is, in practice, almost an impossible task. Miliao最终 ceased service in 2019; Momo found its own niche but never threatened WeChat's core position.</p>\n<p>The second wave of challenges came from content platforms. The rise of Weibo once led outsiders to believe the main battlefield of social media was in public squares, not private messaging spaces. The launch of WeChat Moments in 2012 was, to a significant extent, a strategic response to Weibo—using a \"semi-closed\" circle of friends to counter Weibo's public broadcast logic. This proved to be an extremely correct judgment. The intimacy and information quality of Moments were better suited to the social habits of mainstream Chinese users than Weibo's information deluge. Weibo subsequently gradually transformed into a public domain platform for celebrities and media, coexisting with WeChat in a differentiated manner rather than engaging in direct confrontation.</p>\n<p>The third wave came from short video. TikTok launched in 2016, with Kuaishou slightly earlier. This was the first genuine time分流危机 WeChat encountered. Short video doesn't compete for communication or social relationship chains; it directly competes for every minute users spend idly in front of their phone screens. TikTok's algorithmic recommendation mechanism is extremely precise; it is essentially the ultimate engineering of attention economy logic: using reinforcement learning algorithms to continuously optimize the \"attention capture rate per minute,\" keeping users scrolling for an hour without expectation.</p>\n<p>Platform economist Jean Tirole's theory of two-sided markets has an interesting application here: WeChat and TikTok are actually competing for two sides of the same users—as content consumers and as communication nodes. TikTok only challenges the former; it does not and cannot challenge the latter. This explains why WeChat, despite some losses during the short video era, did not see its foundation shaken.</p>\n<p>WeChat's response was Channels. Launched in 2020, its development was slow initially, but under Zhang Xiaolong's持续 strategic bet, Channels' daily active users and usage time have increased year by year. By 2024, Channels had become a non-negligible third force in China's short video领域. WeChat's reaction this time cannot be called a failure, but it was certainly not an overwhelming victory. TikTok's advantage in user time remains largely unshaken.</p>\n<p>Before AI, Did WeChat Ever Lose?\nFrankly, before AI, WeChat never lost any competition in a fundamental sense.\nIt achieved complete victory over telecom operators. It achieved complete victory over early instant messaging rivals. It achieved strategic non-defeat against Weibo (the two diverged, but WeChat's core social functions remained unshakable). Against short video, it experienced局部失守; user time spent on TikTok was indeed eroded, but WeChat's reliance is not on entertainment time but on its irreplaceable position as communication infrastructure.</p>\n<p>This is WeChat's true moat: it is not an app you like to use; it is an app you have to use. Work groups are on WeChat, payment QR codes are via WeChat Pay, parents contact you through WeChat, school notifications come via WeChat. Ordering food delivery, making medical appointments, checking housing provident fund—all can be done through WeChat Mini Programs. WeChat long ago ceased to be just a communication tool; it is the underlying operating system of digital life in China.</p>\n<p>Here, a theoretical concept worth辨析 is switching costs. Economists distinguish between two types: functional switching costs (the cost of relearning and adapting to a new product) and relational switching costs (the cost of disconnecting from an existing social network when switching platforms). WeChat's moat is primarily the latter. Users are on WeChat not necessarily because it is the best, but because social networks are already established there in practice. The cost of leaving is not losing a tool but losing a set of social connections.</p>\n<p>David Evans and Richard Schmalensee, in studying platform competition, noted that once this kind of relational lock-in forms, there are almost only two ways to break it: either the entire social network migrates collectively (extremely difficult) or a new demand scenario emerges that doesn't require migrating old relationships (possible).</p>\n<p>AI恰好 provides the second possibility.</p>\n<p>AI: The First Challenger That Truly Alters Time Structure\nReturning to Herbert Simon's hierarchy of attention. In the past, all of WeChat's competitors were vying for users'浅层注意力—entertainment time, fragmented browsing time, social chat time. This time could be taken by TikTok or occupied by games, but WeChat's \"essential communication time\" remained unbreakable.</p>\n<p>The emergence of AI assistants has, for the first time,触动了一种不同性质的时间: deep attention time. When users open DeepSeek, Claude, or GPT, what are they doing? Writing articles, researching information, analyzing data, processing legal documents, learning new knowledge, conducting investment research. The common feature of these scenarios is that users are in a state of active cognitive engagement, not passive sensory consumption. This is what Herbert Simon termed \"thoughtful attention,\"其稀缺程度和价值密度 far exceed the fragmented time spent scrolling through Moments.</p>\n<p>From the battery screenshot, one user spent 2 hours and 11 minutes interacting with Claude in a single day, exceeding their active time on WeChat. This is not entertainment substitution; it is workflow substitution. Workflow, however, is territory WeChat has never truly competed for.</p>\n<p>Tencent is certainly aware of this threat. Its Hunyuan large model has been launched, and WeChat internally is exploring integration paths for AI features. But there is a fundamental tension here: WeChat's product philosophy is \"use and leave.\" Zhang Xiaolong has emphasized on multiple occasions that a good product should not make users沉迷; it should allow them to complete tasks and leave quickly. This conflicts intrinsically with the product logic of AI assistants, which aim to become users'深度工作伴侣.</p>\n<p>Beyond the conflict in product philosophy, there is a more direct reality: Hunyuan's actual performance has been underwhelming. During the most intense period of the global AI race from 2024 to 2025, OpenAI, Anthropic, Google, Meta, and even China's本土 DeepSeek were iterating at a肉眼可见的速度, with capability curves rising steeply. Hunyuan remained lukewarm, rarely appearing in the top tier in domestic mainstream evaluations and having almost no international presence.</p>\n<p>For a company with massive user data, ample funds, and top engineers, this is a result that puzzles the market. Tencent is not losing on resources; it is more likely losing on priorities and organizational culture: whether a company with social and gaming in its基因 can muster sufficient strategic will in an era requiring \"all in\" on foundational model R&D remains an open question.</p>\n<p>A deeper issue is that competition among AI assistants is not about features but about竞争 for cognitive trust. Economics has the concept of \"experience goods\"—products whose quality cannot be judged before consumption, only known after use. AI assistants go a step further: they are highly personalized experience goods. The longer you use them, the deeper the context, the more accurately they understand you, and the higher the switching cost becomes. Once this stickiness forms, its mechanism is identical to the social relationship chain stickiness WeChat built years ago, but it binds not users' social relationships but their cognitive habits and working memory.</p>\n<p>Tencent's situation is somewhat similar to China Mobile's in 2011—not that the product is bad or resources are insufficient, but that a new competitive dimension has been defined, and you are not the one defining it.</p>\n<p>The Final Outcome of Time\nReturning to the initial question: where is the time going? Herbert Simon's proposition has been fully validated in the mobile internet era: attention is indeed the scarcest resource. Over the past 15 years, WeChat won battle after battle in the attention war. It first took communication time from telecom operators, then used Moments to secure social time, and further used Mini Programs and Pay to lock in service time. WeChat built a super platform that几乎全天候复盖 the digital lives of Chinese users.</p>\n<p>But the hierarchical structure of attention means this war never truly ends. The rise of AI assistants represents a new paradigm of time consumption—not娱乐式的浅层注意力消费, but工具式的深层注意力投入. Every minute users spend on AI is actively completing a task: writing, researching, analyzing, learning. The value density of this time is far higher than scrolling through Moments or watching Channels. This high-value time恰恰 is territory WeChat has never truly guarded before.</p>\n<p>Shapiro and Varian made a prophetic judgment in \"Information Rules\": in the information economy, lock-in effects are the core source of lasting competitive advantage, but the basis for lock-in can shift with changes in technological paradigms. WeChat locks in social relationships; TikTok locks in sensory habits; AI will lock in cognitive habits and working memory. These three types of lock-in target different levels of the human attention system and do not have simple substitution relationships with each other.</p>\n<p>Tencent is not incapable of responding: it lacks neither funds, data, nor user base. But the challenge it faces is at the product philosophy level: WeChat's greatness lies in knowing what it is and what it is not. The rise of AI assistants is重新画定 \"what is the core of digital life.\" If the answer shifts from \"social\" to \"thinking and work,\" WeChat's product positioning will require a difficult self-reconstruction, for which there is no precedent.</p>\n<p>The stock price likely reflects precisely this uncertainty. The market is not worried about how much Tencent earns today but about where WeChat will stand in the next hierarchical migration of user attention.</p>\n<p>This question cannot be answered by a single battery screenshot. But it is the right question to ask.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Is Capital Fleeing When Tencent Hasn't Made a Mistake?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Is Capital Fleeing When Tencent Hasn't Made a Mistake?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-05-12 20:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Over the past few months, Tencent's stock price has been puzzling. From a high of HK$639 in early 2026, it fell to around HK$472 by the end of April, a drop of over 25%. During this period, there were no obvious negative developments for Tencent: gaming revenue remained stable, the advertising business was recovering, and WeChat's monthly active users continued to exceed one billion. Each earnings report was more impressive than the last, yet the stock price kept declining. Analysts offered various explanations, but they often felt superficial—correct yet missing the core issue.</p>\n<p>A new perspective emerged after seeing a screenshot from a friend's phone. It showed iPhone battery usage for the day, with data for two apps side by side: WeChat, with 2 hours and 1 minute of screen-on time, consuming 50% of the battery; and Claude, with 2 hours and 11 minutes of screen-on time, consuming 26%. The usage durations were nearly identical. My friend added a note: \"I'm now spending more time on Claude than on WeChat.\"</p>\n<p>While this single screenshot doesn't prove a macro trend, it offers an observation point: in one specific user's day, an AI application is competing directly with WeChat for attention. Not TikTok, not Weibo, not any product that has challenged WeChat over the past 15 years, but an entirely different type of application.</p>\n<p>Capital markets are pricing in this structural unease. The issue for Tencent is not about today's earnings, but about user time flowing toward a domain where WeChat has never truly established a defense. To understand what this means, we must start from a more fundamental proposition: in an era of information overload, what is the truly scarce resource?</p>\n<p>Attention as a Scarce Resource\nIn 1971, Herbert Simon wrote in a frequently cited yet often misinterpreted paper that an abundance of information necessarily leads to a poverty of attention. His logic was concise and powerful: information consumes the attention of its recipients. Therefore, the more information there is, the scarcer attention becomes. This insight, proposed before the internet's birth, found its full historical weight in the mobile internet era.\nIn 1997, Michael Goldhaber built on this to propose the concept of the \"attention economy\": in the information age, attention itself is currency. Whoever captures user attention can monetize it—whether through advertising, subscriptions, or data. The business models of internet platforms are, in essence, the monetization of attention.</p>\n<p>This framework provides the first key to understanding WeChat's competitive history. Over the past 15 years, every challenge WeChat faced was superficially a battle of product features but fundamentally a reallocation of attention share: telecom operators lost the time and money users spent on SMS; Weibo lost the idle time users spent in public squares; TikTok competed for users' fragmented sensory time during waits, commutes, and before sleep.</p>\n<p>But attention is not homogeneous. Herbert Simon, a cognitive scientist, understood that human cognitive resources exist in hierarchies—superficial perceptual attention and deep, thoughtful attention are qualitatively different. This distinction becomes crucial in the AI era, a point we will return to later.</p>\n<p>From SMS Killer to National Operating System\nTo understand WeChat's competitive history, one must first grasp how disruptive its emergence was. When WeChat launched in 2011, China's mobile communication market was in the golden age of telecom operators. SMS was the main channel for daily communication, MMS was the precursor to social media, and Fetion was China Mobile's failed attempt to build a closed ecosystem. WeChat, with its minimalist instant messaging tool,颠覆了 this order. Leveraging QQ's user base for rapid growth, it used features like \"Shake,\" \"People Nearby,\" and \"Moments\" to transform a communication tool into a social platform. This降维打击 against telecom operators took less than three years.</p>\n<p>WeChat's first real competitors were other instant messaging products. Momo, launched in 2011, focused on stranger social networking and一度 showed fierce user growth. Miliao, a同期 product from Xiaomi with Lei Jun personally endorsing it, was seen as WeChat's most dangerous early rival. However, neither Momo nor Miliao could break through the network effects barrier WeChat had already established.</p>\n<p>Network effects are an extremely残酷的 competitive mechanism. Economists Carl Shapiro and Hal Varian systematically explained this logic in their 1999 book \"Information Rules\": when a product's value increases non-linearly with the number of users, the user base of the first mover itself forms an entry barrier.</p>\n<p>More critically, communication products face \"bilateral lock-in\": you need to convince not only users to switch platforms but also all their contacts simultaneously. This coordination cost is, in practice, almost an impossible task. Miliao最终 ceased service in 2019; Momo found its own niche but never threatened WeChat's core position.</p>\n<p>The second wave of challenges came from content platforms. The rise of Weibo once led outsiders to believe the main battlefield of social media was in public squares, not private messaging spaces. The launch of WeChat Moments in 2012 was, to a significant extent, a strategic response to Weibo—using a \"semi-closed\" circle of friends to counter Weibo's public broadcast logic. This proved to be an extremely correct judgment. The intimacy and information quality of Moments were better suited to the social habits of mainstream Chinese users than Weibo's information deluge. Weibo subsequently gradually transformed into a public domain platform for celebrities and media, coexisting with WeChat in a differentiated manner rather than engaging in direct confrontation.</p>\n<p>The third wave came from short video. TikTok launched in 2016, with Kuaishou slightly earlier. This was the first genuine time分流危机 WeChat encountered. Short video doesn't compete for communication or social relationship chains; it directly competes for every minute users spend idly in front of their phone screens. TikTok's algorithmic recommendation mechanism is extremely precise; it is essentially the ultimate engineering of attention economy logic: using reinforcement learning algorithms to continuously optimize the \"attention capture rate per minute,\" keeping users scrolling for an hour without expectation.</p>\n<p>Platform economist Jean Tirole's theory of two-sided markets has an interesting application here: WeChat and TikTok are actually competing for two sides of the same users—as content consumers and as communication nodes. TikTok only challenges the former; it does not and cannot challenge the latter. This explains why WeChat, despite some losses during the short video era, did not see its foundation shaken.</p>\n<p>WeChat's response was Channels. Launched in 2020, its development was slow initially, but under Zhang Xiaolong's持续 strategic bet, Channels' daily active users and usage time have increased year by year. By 2024, Channels had become a non-negligible third force in China's short video领域. WeChat's reaction this time cannot be called a failure, but it was certainly not an overwhelming victory. TikTok's advantage in user time remains largely unshaken.</p>\n<p>Before AI, Did WeChat Ever Lose?\nFrankly, before AI, WeChat never lost any competition in a fundamental sense.\nIt achieved complete victory over telecom operators. It achieved complete victory over early instant messaging rivals. It achieved strategic non-defeat against Weibo (the two diverged, but WeChat's core social functions remained unshakable). Against short video, it experienced局部失守; user time spent on TikTok was indeed eroded, but WeChat's reliance is not on entertainment time but on its irreplaceable position as communication infrastructure.</p>\n<p>This is WeChat's true moat: it is not an app you like to use; it is an app you have to use. Work groups are on WeChat, payment QR codes are via WeChat Pay, parents contact you through WeChat, school notifications come via WeChat. Ordering food delivery, making medical appointments, checking housing provident fund—all can be done through WeChat Mini Programs. WeChat long ago ceased to be just a communication tool; it is the underlying operating system of digital life in China.</p>\n<p>Here, a theoretical concept worth辨析 is switching costs. Economists distinguish between two types: functional switching costs (the cost of relearning and adapting to a new product) and relational switching costs (the cost of disconnecting from an existing social network when switching platforms). WeChat's moat is primarily the latter. Users are on WeChat not necessarily because it is the best, but because social networks are already established there in practice. The cost of leaving is not losing a tool but losing a set of social connections.</p>\n<p>David Evans and Richard Schmalensee, in studying platform competition, noted that once this kind of relational lock-in forms, there are almost only two ways to break it: either the entire social network migrates collectively (extremely difficult) or a new demand scenario emerges that doesn't require migrating old relationships (possible).</p>\n<p>AI恰好 provides the second possibility.</p>\n<p>AI: The First Challenger That Truly Alters Time Structure\nReturning to Herbert Simon's hierarchy of attention. In the past, all of WeChat's competitors were vying for users'浅层注意力—entertainment time, fragmented browsing time, social chat time. This time could be taken by TikTok or occupied by games, but WeChat's \"essential communication time\" remained unbreakable.</p>\n<p>The emergence of AI assistants has, for the first time,触动了一种不同性质的时间: deep attention time. When users open DeepSeek, Claude, or GPT, what are they doing? Writing articles, researching information, analyzing data, processing legal documents, learning new knowledge, conducting investment research. The common feature of these scenarios is that users are in a state of active cognitive engagement, not passive sensory consumption. This is what Herbert Simon termed \"thoughtful attention,\"其稀缺程度和价值密度 far exceed the fragmented time spent scrolling through Moments.</p>\n<p>From the battery screenshot, one user spent 2 hours and 11 minutes interacting with Claude in a single day, exceeding their active time on WeChat. This is not entertainment substitution; it is workflow substitution. Workflow, however, is territory WeChat has never truly competed for.</p>\n<p>Tencent is certainly aware of this threat. Its Hunyuan large model has been launched, and WeChat internally is exploring integration paths for AI features. But there is a fundamental tension here: WeChat's product philosophy is \"use and leave.\" Zhang Xiaolong has emphasized on multiple occasions that a good product should not make users沉迷; it should allow them to complete tasks and leave quickly. This conflicts intrinsically with the product logic of AI assistants, which aim to become users'深度工作伴侣.</p>\n<p>Beyond the conflict in product philosophy, there is a more direct reality: Hunyuan's actual performance has been underwhelming. During the most intense period of the global AI race from 2024 to 2025, OpenAI, Anthropic, Google, Meta, and even China's本土 DeepSeek were iterating at a肉眼可见的速度, with capability curves rising steeply. Hunyuan remained lukewarm, rarely appearing in the top tier in domestic mainstream evaluations and having almost no international presence.</p>\n<p>For a company with massive user data, ample funds, and top engineers, this is a result that puzzles the market. Tencent is not losing on resources; it is more likely losing on priorities and organizational culture: whether a company with social and gaming in its基因 can muster sufficient strategic will in an era requiring \"all in\" on foundational model R&D remains an open question.</p>\n<p>A deeper issue is that competition among AI assistants is not about features but about竞争 for cognitive trust. Economics has the concept of \"experience goods\"—products whose quality cannot be judged before consumption, only known after use. AI assistants go a step further: they are highly personalized experience goods. The longer you use them, the deeper the context, the more accurately they understand you, and the higher the switching cost becomes. Once this stickiness forms, its mechanism is identical to the social relationship chain stickiness WeChat built years ago, but it binds not users' social relationships but their cognitive habits and working memory.</p>\n<p>Tencent's situation is somewhat similar to China Mobile's in 2011—not that the product is bad or resources are insufficient, but that a new competitive dimension has been defined, and you are not the one defining it.</p>\n<p>The Final Outcome of Time\nReturning to the initial question: where is the time going? Herbert Simon's proposition has been fully validated in the mobile internet era: attention is indeed the scarcest resource. Over the past 15 years, WeChat won battle after battle in the attention war. It first took communication time from telecom operators, then used Moments to secure social time, and further used Mini Programs and Pay to lock in service time. WeChat built a super platform that几乎全天候复盖 the digital lives of Chinese users.</p>\n<p>But the hierarchical structure of attention means this war never truly ends. The rise of AI assistants represents a new paradigm of time consumption—not娱乐式的浅层注意力消费, but工具式的深层注意力投入. Every minute users spend on AI is actively completing a task: writing, researching, analyzing, learning. The value density of this time is far higher than scrolling through Moments or watching Channels. This high-value time恰恰 is territory WeChat has never truly guarded before.</p>\n<p>Shapiro and Varian made a prophetic judgment in \"Information Rules\": in the information economy, lock-in effects are the core source of lasting competitive advantage, but the basis for lock-in can shift with changes in technological paradigms. WeChat locks in social relationships; TikTok locks in sensory habits; AI will lock in cognitive habits and working memory. These three types of lock-in target different levels of the human attention system and do not have simple substitution relationships with each other.</p>\n<p>Tencent is not incapable of responding: it lacks neither funds, data, nor user base. But the challenge it faces is at the product philosophy level: WeChat's greatness lies in knowing what it is and what it is not. The rise of AI assistants is重新画定 \"what is the core of digital life.\" If the answer shifts from \"social\" to \"thinking and work,\" WeChat's product positioning will require a difficult self-reconstruction, for which there is no precedent.</p>\n<p>The stock price likely reflects precisely this uncertainty. The market is not worried about how much Tencent earns today but about where WeChat will stand in the next hierarchical migration of user attention.</p>\n<p>This question cannot be answered by a single battery screenshot. But it is the right question to ask.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","LU2177674079.SGD":"Fidelity Asia Pacific Opportunities A-ACC-SGD (hedged)","LU0463099449.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","SG9999001846.SGD":"Schroder Asian Equity Yield A Dis SGD","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","LU0251144936.SGD":"Fidelity Sustainable Asia Equity A-SGD","LU0543330566.HKD":"TEMPLETON BRIC \"A\" (HKD) ACC","IE00BZ08YR35.GBP":"GUINNESS BEST OF CHINA \"C\" (GBP) ACC","IE00BZ08YS42.EUR":"GUINNESS BEST OF CHINA \"C\" (EUR) ACC","IE00BPRC5H50.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) INC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU2226246903.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT4\" (HKD) ACC","LU0173614495.USD":"富达中国焦点A","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","IE00BZ08YT58.USD":"GUINNESS BEST OF CHINA \"C\" (USD) ACC","SG9999002562.SGD":"LionGlobal Asia Pacific SGD","LU1251922891.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) ACC","LU0455707207.USD":"FIDELITY FUNDS  CHINA INNOVATION \"A\" (USD) INC","BK1589":"北水核心资产","LU0650527681.SGD":"Fidelity China Consumer A-SGD","LU0608807946.USD":"TEMPLETON EMERGING MARKETS DYNAMIC INCOME \"A\" Q (USD) INC","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","BK1618":"Manus概念股","LU1961090484.USD":"ALLIANZ ALL CHINA EQUITY \"A\" (USD) INC","LU0192582467.USD":"SCHRODER ISF ASIAN EQUITY YIELD \"A\" (USD) INC MF","LU1831875114.USD":"SCHRODER ISF ALL CHINA EQUITY \"A\" (USD) ACC","LU1303224171.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) INC","LU0737861772.HKD":"FIDELITY EMERGING ASIA \"A \" (HKD) ACC","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","LU1211504680.USD":"ALLIANZ HIGH DIVIDEND ASIA PACIFIC EQUITY \"AM\" (USD) INC","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","SG9999001069.SGD":"UOB UNITED ASIA PACIFIC GROWTH (SGD) ACC","LU0589944569.HKD":"ALLIANZ EMERGING ASIA EQUITY \"AT\" (HKD) ACC","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU0865486749.SGD":"Eastspring Investments - 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From a high of HK$639 in early 2026, it fell to around HK$472 by the end of April, a drop of over 25%. During this period, there were no obvious negative developments for Tencent: gaming revenue remained stable, the advertising business was recovering, and WeChat's monthly active users continued to exceed one billion. Each earnings report was more impressive than the last, yet the stock price kept declining. Analysts offered various explanations, but they often felt superficial—correct yet missing the core issue.\nA new perspective emerged after seeing a screenshot from a friend's phone. It showed iPhone battery usage for the day, with data for two apps side by side: WeChat, with 2 hours and 1 minute of screen-on time, consuming 50% of the battery; and Claude, with 2 hours and 11 minutes of screen-on time, consuming 26%. The usage durations were nearly identical. My friend added a note: \"I'm now spending more time on Claude than on WeChat.\"\nWhile this single screenshot doesn't prove a macro trend, it offers an observation point: in one specific user's day, an AI application is competing directly with WeChat for attention. Not TikTok, not Weibo, not any product that has challenged WeChat over the past 15 years, but an entirely different type of application.\nCapital markets are pricing in this structural unease. The issue for Tencent is not about today's earnings, but about user time flowing toward a domain where WeChat has never truly established a defense. To understand what this means, we must start from a more fundamental proposition: in an era of information overload, what is the truly scarce resource?\nAttention as a Scarce Resource\nIn 1971, Herbert Simon wrote in a frequently cited yet often misinterpreted paper that an abundance of information necessarily leads to a poverty of attention. His logic was concise and powerful: information consumes the attention of its recipients. Therefore, the more information there is, the scarcer attention becomes. This insight, proposed before the internet's birth, found its full historical weight in the mobile internet era.\nIn 1997, Michael Goldhaber built on this to propose the concept of the \"attention economy\": in the information age, attention itself is currency. Whoever captures user attention can monetize it—whether through advertising, subscriptions, or data. The business models of internet platforms are, in essence, the monetization of attention.\nThis framework provides the first key to understanding WeChat's competitive history. Over the past 15 years, every challenge WeChat faced was superficially a battle of product features but fundamentally a reallocation of attention share: telecom operators lost the time and money users spent on SMS; Weibo lost the idle time users spent in public squares; TikTok competed for users' fragmented sensory time during waits, commutes, and before sleep.\nBut attention is not homogeneous. Herbert Simon, a cognitive scientist, understood that human cognitive resources exist in hierarchies—superficial perceptual attention and deep, thoughtful attention are qualitatively different. This distinction becomes crucial in the AI era, a point we will return to later.\nFrom SMS Killer to National Operating System\nTo understand WeChat's competitive history, one must first grasp how disruptive its emergence was. When WeChat launched in 2011, China's mobile communication market was in the golden age of telecom operators. SMS was the main channel for daily communication, MMS was the precursor to social media, and Fetion was China Mobile's failed attempt to build a closed ecosystem. WeChat, with its minimalist instant messaging tool,颠覆了 this order. Leveraging QQ's user base for rapid growth, it used features like \"Shake,\" \"People Nearby,\" and \"Moments\" to transform a communication tool into a social platform. This降维打击 against telecom operators took less than three years.\nWeChat's first real competitors were other instant messaging products. Momo, launched in 2011, focused on stranger social networking and一度 showed fierce user growth. Miliao, a同期 product from Xiaomi with Lei Jun personally endorsing it, was seen as WeChat's most dangerous early rival. However, neither Momo nor Miliao could break through the network effects barrier WeChat had already established.\nNetwork effects are an extremely残酷的 competitive mechanism. Economists Carl Shapiro and Hal Varian systematically explained this logic in their 1999 book \"Information Rules\": when a product's value increases non-linearly with the number of users, the user base of the first mover itself forms an entry barrier.\nMore critically, communication products face \"bilateral lock-in\": you need to convince not only users to switch platforms but also all their contacts simultaneously. This coordination cost is, in practice, almost an impossible task. Miliao最终 ceased service in 2019; Momo found its own niche but never threatened WeChat's core position.\nThe second wave of challenges came from content platforms. The rise of Weibo once led outsiders to believe the main battlefield of social media was in public squares, not private messaging spaces. The launch of WeChat Moments in 2012 was, to a significant extent, a strategic response to Weibo—using a \"semi-closed\" circle of friends to counter Weibo's public broadcast logic. This proved to be an extremely correct judgment. The intimacy and information quality of Moments were better suited to the social habits of mainstream Chinese users than Weibo's information deluge. Weibo subsequently gradually transformed into a public domain platform for celebrities and media, coexisting with WeChat in a differentiated manner rather than engaging in direct confrontation.\nThe third wave came from short video. TikTok launched in 2016, with Kuaishou slightly earlier. This was the first genuine time分流危机 WeChat encountered. Short video doesn't compete for communication or social relationship chains; it directly competes for every minute users spend idly in front of their phone screens. TikTok's algorithmic recommendation mechanism is extremely precise; it is essentially the ultimate engineering of attention economy logic: using reinforcement learning algorithms to continuously optimize the \"attention capture rate per minute,\" keeping users scrolling for an hour without expectation.\nPlatform economist Jean Tirole's theory of two-sided markets has an interesting application here: WeChat and TikTok are actually competing for two sides of the same users—as content consumers and as communication nodes. TikTok only challenges the former; it does not and cannot challenge the latter. This explains why WeChat, despite some losses during the short video era, did not see its foundation shaken.\nWeChat's response was Channels. Launched in 2020, its development was slow initially, but under Zhang Xiaolong's持续 strategic bet, Channels' daily active users and usage time have increased year by year. By 2024, Channels had become a non-negligible third force in China's short video领域. WeChat's reaction this time cannot be called a failure, but it was certainly not an overwhelming victory. TikTok's advantage in user time remains largely unshaken.\nBefore AI, Did WeChat Ever Lose?\nFrankly, before AI, WeChat never lost any competition in a fundamental sense.\nIt achieved complete victory over telecom operators. It achieved complete victory over early instant messaging rivals. It achieved strategic non-defeat against Weibo (the two diverged, but WeChat's core social functions remained unshakable). Against short video, it experienced局部失守; user time spent on TikTok was indeed eroded, but WeChat's reliance is not on entertainment time but on its irreplaceable position as communication infrastructure.\nThis is WeChat's true moat: it is not an app you like to use; it is an app you have to use. Work groups are on WeChat, payment QR codes are via WeChat Pay, parents contact you through WeChat, school notifications come via WeChat. Ordering food delivery, making medical appointments, checking housing provident fund—all can be done through WeChat Mini Programs. WeChat long ago ceased to be just a communication tool; it is the underlying operating system of digital life in China.\nHere, a theoretical concept worth辨析 is switching costs. Economists distinguish between two types: functional switching costs (the cost of relearning and adapting to a new product) and relational switching costs (the cost of disconnecting from an existing social network when switching platforms). WeChat's moat is primarily the latter. Users are on WeChat not necessarily because it is the best, but because social networks are already established there in practice. The cost of leaving is not losing a tool but losing a set of social connections.\nDavid Evans and Richard Schmalensee, in studying platform competition, noted that once this kind of relational lock-in forms, there are almost only two ways to break it: either the entire social network migrates collectively (extremely difficult) or a new demand scenario emerges that doesn't require migrating old relationships (possible).\nAI恰好 provides the second possibility.\nAI: The First Challenger That Truly Alters Time Structure\nReturning to Herbert Simon's hierarchy of attention. In the past, all of WeChat's competitors were vying for users'浅层注意力—entertainment time, fragmented browsing time, social chat time. This time could be taken by TikTok or occupied by games, but WeChat's \"essential communication time\" remained unbreakable.\nThe emergence of AI assistants has, for the first time,触动了一种不同性质的时间: deep attention time. When users open DeepSeek, Claude, or GPT, what are they doing? Writing articles, researching information, analyzing data, processing legal documents, learning new knowledge, conducting investment research. The common feature of these scenarios is that users are in a state of active cognitive engagement, not passive sensory consumption. This is what Herbert Simon termed \"thoughtful attention,\"其稀缺程度和价值密度 far exceed the fragmented time spent scrolling through Moments.\nFrom the battery screenshot, one user spent 2 hours and 11 minutes interacting with Claude in a single day, exceeding their active time on WeChat. This is not entertainment substitution; it is workflow substitution. Workflow, however, is territory WeChat has never truly competed for.\nTencent is certainly aware of this threat. Its Hunyuan large model has been launched, and WeChat internally is exploring integration paths for AI features. But there is a fundamental tension here: WeChat's product philosophy is \"use and leave.\" Zhang Xiaolong has emphasized on multiple occasions that a good product should not make users沉迷; it should allow them to complete tasks and leave quickly. This conflicts intrinsically with the product logic of AI assistants, which aim to become users'深度工作伴侣.\nBeyond the conflict in product philosophy, there is a more direct reality: Hunyuan's actual performance has been underwhelming. During the most intense period of the global AI race from 2024 to 2025, OpenAI, Anthropic, Google, Meta, and even China's本土 DeepSeek were iterating at a肉眼可见的速度, with capability curves rising steeply. Hunyuan remained lukewarm, rarely appearing in the top tier in domestic mainstream evaluations and having almost no international presence.\nFor a company with massive user data, ample funds, and top engineers, this is a result that puzzles the market. Tencent is not losing on resources; it is more likely losing on priorities and organizational culture: whether a company with social and gaming in its基因 can muster sufficient strategic will in an era requiring \"all in\" on foundational model R&D remains an open question.\nA deeper issue is that competition among AI assistants is not about features but about竞争 for cognitive trust. Economics has the concept of \"experience goods\"—products whose quality cannot be judged before consumption, only known after use. AI assistants go a step further: they are highly personalized experience goods. The longer you use them, the deeper the context, the more accurately they understand you, and the higher the switching cost becomes. Once this stickiness forms, its mechanism is identical to the social relationship chain stickiness WeChat built years ago, but it binds not users' social relationships but their cognitive habits and working memory.\nTencent's situation is somewhat similar to China Mobile's in 2011—not that the product is bad or resources are insufficient, but that a new competitive dimension has been defined, and you are not the one defining it.\nThe Final Outcome of Time\nReturning to the initial question: where is the time going? Herbert Simon's proposition has been fully validated in the mobile internet era: attention is indeed the scarcest resource. Over the past 15 years, WeChat won battle after battle in the attention war. It first took communication time from telecom operators, then used Moments to secure social time, and further used Mini Programs and Pay to lock in service time. WeChat built a super platform that几乎全天候复盖 the digital lives of Chinese users.\nBut the hierarchical structure of attention means this war never truly ends. The rise of AI assistants represents a new paradigm of time consumption—not娱乐式的浅层注意力消费, but工具式的深层注意力投入. Every minute users spend on AI is actively completing a task: writing, researching, analyzing, learning. The value density of this time is far higher than scrolling through Moments or watching Channels. This high-value time恰恰 is territory WeChat has never truly guarded before.\nShapiro and Varian made a prophetic judgment in \"Information Rules\": in the information economy, lock-in effects are the core source of lasting competitive advantage, but the basis for lock-in can shift with changes in technological paradigms. WeChat locks in social relationships; TikTok locks in sensory habits; AI will lock in cognitive habits and working memory. These three types of lock-in target different levels of the human attention system and do not have simple substitution relationships with each other.\nTencent is not incapable of responding: it lacks neither funds, data, nor user base. But the challenge it faces is at the product philosophy level: WeChat's greatness lies in knowing what it is and what it is not. The rise of AI assistants is重新画定 \"what is the core of digital life.\" If the answer shifts from \"social\" to \"thinking and work,\" WeChat's product positioning will require a difficult self-reconstruction, for which there is no precedent.\nThe stock price likely reflects precisely this uncertainty. The market is not worried about how much Tencent earns today but about where WeChat will stand in the next hierarchical migration of user attention.\nThis question cannot be answered by a single battery screenshot. But it is the right question to ask.","news_type":1,"symbols_score_info":{"TCEHY":1,"00700":1,"HTCD.SI":1}},"isVote":1,"tweetType":1,"viewCount":154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":562945017208984,"gmtCreate":1778467610753,"gmtModify":1778467613941,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586737504816693","authorIdStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a> crazy valuation currently as its worth double from here","listText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a> crazy valuation currently as its worth double from here","text":"$TENCENT(00700)$ crazy valuation currently as its worth double from here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/562945017208984","isVote":1,"tweetType":1,"viewCount":492,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":561228800131960,"gmtCreate":1778050462856,"gmtModify":1778050465966,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586737504816693","authorIdStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a> Is worth double of current price. PE 13 forward should be at least PE 30","listText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a> Is worth double of current price. PE 13 forward should be at least PE 30","text":"$TENCENT(00700)$ Is worth double of current price. PE 13 forward should be at least PE 30","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/561228800131960","isVote":1,"tweetType":1,"viewCount":278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":560509264016376,"gmtCreate":1777874913323,"gmtModify":1777874916499,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586737504816693","authorIdStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/01523\">$PLOVER BAY TECH(01523)$</a> Singapore Airlines just announced they are installing Starlink WIFI. Good news for our company","listText":"<a href=\"https://ttm.financial/S/01523\">$PLOVER BAY TECH(01523)$</a> Singapore Airlines just announced they are installing Starlink WIFI. Good news for our company","text":"$PLOVER BAY TECH(01523)$ Singapore Airlines just announced they are installing Starlink WIFI. Good news for our company","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/560509264016376","isVote":1,"tweetType":1,"viewCount":232,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":530950283965152,"gmtCreate":1770648210950,"gmtModify":1770648214662,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586737504816693","authorIdStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/01523\">$PLOVER BAY TECH(01523)$</a> forte is integration with Starlink for n mobile satellite internet. Cruise ships aircraft and emergency vehicles in rural areas. Pep link is essential for uninterrupted datalink from sat/5G/wifi with automatic switching.&nbsp;","listText":"<a href=\"https://ttm.financial/S/01523\">$PLOVER BAY TECH(01523)$</a> forte is integration with Starlink for n mobile satellite internet. Cruise ships aircraft and emergency vehicles in rural areas. Pep link is essential for uninterrupted datalink from sat/5G/wifi with automatic switching.&nbsp;","text":"$PLOVER BAY TECH(01523)$ forte is integration with Starlink for n mobile satellite internet. Cruise ships aircraft and emergency vehicles in rural areas. Pep link is essential for uninterrupted datalink from sat/5G/wifi with automatic switching.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/530950283965152","isVote":1,"tweetType":1,"viewCount":909,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":529097142423840,"gmtCreate":1770196149128,"gmtModify":1770196153418,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586737504816693","authorIdStr":"3586737504816693"},"themes":[],"title":"","htmlText":"Good results but bad guidance. Still long term should be a duopoly with Eli Lilly","listText":"Good results but bad guidance. Still long term should be a duopoly with Eli Lilly","text":"Good results but bad guidance. Still long term should be a duopoly with Eli Lilly","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/529097142423840","isVote":1,"tweetType":1,"viewCount":1242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":506898762682792,"gmtCreate":1764776283348,"gmtModify":1764776286759,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586737504816693","authorIdStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/TCEHY\">$Tencent Holding Ltd.(TCEHY)$&nbsp;</a> love the new \"nearby jobs\" feature in WeChat. This would be helpful To lots of people. A game changer in fact","listText":"<a href=\"https://ttm.financial/S/TCEHY\">$Tencent Holding Ltd.(TCEHY)$&nbsp;</a> love the new \"nearby jobs\" feature in WeChat. This would be helpful To lots of people. A game changer in fact","text":"$Tencent Holding Ltd.(TCEHY)$ love the new \"nearby jobs\" feature in WeChat. This would be helpful To lots of people. A game changer in fact","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/506898762682792","isVote":1,"tweetType":1,"viewCount":1824,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":506760777863664,"gmtCreate":1764742683650,"gmtModify":1764742687747,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586737504816693","authorIdStr":"3586737504816693"},"themes":[],"title":"","htmlText":"Wonderful feature for the common man!","listText":"Wonderful feature for the common man!","text":"Wonderful feature for the common man!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/506760777863664","repostId":"1162806240","repostType":2,"repost":{"id":"1162806240","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1764736849,"share":"https://ttm.financial/m/news/1162806240?lang=en_US&edition=fundamental","pubTime":"2025-12-03 12:40","market":"sh","language":"en","title":"TENCENT's \"Nearby Jobs\" Feature Lists Over 100K Positions, Assists 200K Job Seekers","url":"https://stock-news.laohu8.com/highlight/detail?id=1162806240","media":"Deep News","summary":"TENCENT's innovative feature \"Nearby Jobs,\" launched in October last year, has now surpassed 100,000 listed positions and facilitated employment intentions for over 200,000 individuals. Designed as a...","content":"<p>TENCENT's innovative feature \"Nearby Jobs,\" launched in October last year, has now surpassed 100,000 listed positions and facilitated employment intentions for over 200,000 individuals. Designed as a gig economy solution, the mini-program enables users to discover local job opportunities seamlessly.</p>\n<p>Collaborating with regional human resources authorities, TENCENT has expanded the platform across multiple locations—from Jiangmen in Guangdong to Jiujiang in Jiangxi and Chaoyang district in Beijing—making \"finding work near home\" accessible to more people. The company emphasizes that partnered platforms are rigorously vetted with comprehensive verification mechanisms.</p>\n<p>Beyond job matching, the service integrates WeChat Pay's \"Micro Work Card\" for efficient wage settlements via WeChat Balance or linked bank accounts.</p>\n<p>Marking International Day of Persons with Disabilities, TENCENT announced nearly 3,000 barrier-free positions in cities like Beijing, Shanghai, Jinan, and Dalian. These roles—including software engineers, brand designers, data annotators, and cloud customer service agents—are officially certified by government and China Disabled Persons' Federation employment platforms, with detailed listings covering social benefits and accessibility provisions.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TENCENT's \"Nearby Jobs\" Feature Lists Over 100K Positions, Assists 200K Job Seekers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTENCENT's \"Nearby Jobs\" Feature Lists Over 100K Positions, Assists 200K Job Seekers\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2025-12-03 12:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>TENCENT's innovative feature \"Nearby Jobs,\" launched in October last year, has now surpassed 100,000 listed positions and facilitated employment intentions for over 200,000 individuals. Designed as a gig economy solution, the mini-program enables users to discover local job opportunities seamlessly.</p>\n<p>Collaborating with regional human resources authorities, TENCENT has expanded the platform across multiple locations—from Jiangmen in Guangdong to Jiujiang in Jiangxi and Chaoyang district in Beijing—making \"finding work near home\" accessible to more people. The company emphasizes that partnered platforms are rigorously vetted with comprehensive verification mechanisms.</p>\n<p>Beyond job matching, the service integrates WeChat Pay's \"Micro Work Card\" for efficient wage settlements via WeChat Balance or linked bank accounts.</p>\n<p>Marking International Day of Persons with Disabilities, TENCENT announced nearly 3,000 barrier-free positions in cities like Beijing, Shanghai, Jinan, and Dalian. These roles—including software engineers, brand designers, data annotators, and cloud customer service agents—are officially certified by government and China Disabled Persons' Federation employment platforms, with detailed listings covering social benefits and accessibility provisions.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1675838814.USD":"AB SICAV I - EMERGING MARKETS LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (USD) INC","LU0577902298.EUR":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","BK1531":"手游股","LU0048580855.USD":"富达大中华区A","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","SG9999003461.SGD":"United Asia Pacific Infrastructure SGD","IE0009570106.USD":"FSSA ASIA OPPORTUNITIES \"I\" (USD) ACC","LU0210533765.USD":"JPM GLOBAL GROWTH \"A\" (USD) ACC","LU0797268264.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (HKD) ACC","LU1720050803.USD":"安联全方位中国股票基金","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","LU0791590937.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"A\" (USD)","LU1235295612.USD":"FIDELITY PACIFIC \"A\" (USDHDG) INC","LU0823041008.USD":"AMUNDI FUNDS EMERGING WORLD EQUITY \"A2\" (USD) ACC","LU0823038988.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) ACC","LU0080751232.USD":"富达环球多元动力基金A","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU0823039010.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) INC","LU1196710351.USD":"SCHRODER ISF EMERGING MARKETS MULTI-ASSET \"A\" (USD) INC MF","LU1439102457.SGD":"Fidelity Asia Pacific Multi Asset Growth & Income A-MINCOME(G)-SGD","LU0070217475.USD":"JPM GLOBAL SELECT EQUITY \"A\" ACC","LU1196710195.USD":"SCHRODER ISF EMERGING MARKETS MULTI-ASSET \"A\" (USD) ACC","LU1439103000.SGD":"Fidelity Greater China Multi Asset Growth & Income A-MINCOME(G)-SGD","LU0117841782.USD":"JPM GREATER CHINA \"A\" (USD) INC","LU0261950983.USD":"FIDELITY ASIAN SPECIAL SITUATIONS \"A\" ACC","LU1051769294.HKD":"BGF EMERGING MARKETS EQUITY INCOME \"A6\"(HKDHDG) INC","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","IE00B0169N27.USD":"STEWARD INVESTORS GLOBAL EMERGING MARKETS LEADERS \"I\" (USD) ACC","LU1868838027.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","LU0499858602.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) ACC","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","LU0244354667.USD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" ACC","LU1956131251.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\"MD (USD) INC","LU1770036033.HKD":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","LU0072462343.USD":"贝莱德亚洲巨龙基金","LU0594300419.USD":"富达中国消费基金A","BK1517":"云办公","IE00B031HY20.USD":"FSSA CHINA GROWTH \"I\" (USD) INC","BK1516":"腾讯概念","LU2317271919.USD":"BGF FUTURE CONSUMER \"A2\" (USD) ACC","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","SG9999014906.USD":"大华全球优质成长基金Acc USD","IE0031814852.USD":"FSSA GREATER CHINA GROWTH \"I\" (USD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU0287142896.SGD":"Fidelity China Focus A-SGD","IE0008369823.USD":"FSSA HONG KONG GROWTH \"I\" ACC","LU0516422440.USD":"FULLERTON LUX FUNDS - 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Designed as a gig economy solution, the mini-program enables users to discover local job opportunities seamlessly.\nCollaborating with regional human resources authorities, TENCENT has expanded the platform across multiple locations—from Jiangmen in Guangdong to Jiujiang in Jiangxi and Chaoyang district in Beijing—making \"finding work near home\" accessible to more people. The company emphasizes that partnered platforms are rigorously vetted with comprehensive verification mechanisms.\nBeyond job matching, the service integrates WeChat Pay's \"Micro Work Card\" for efficient wage settlements via WeChat Balance or linked bank accounts.\nMarking International Day of Persons with Disabilities, TENCENT announced nearly 3,000 barrier-free positions in cities like Beijing, Shanghai, Jinan, and Dalian. These roles—including software engineers, brand designers, data annotators, and cloud customer service agents—are officially certified by government and China Disabled Persons' Federation employment platforms, with detailed listings covering social benefits and accessibility provisions.","news_type":1,"symbols_score_info":{"HTCD.SI":1,"TCEHY":1,"00700":1,"TCHmain":1}},"isVote":1,"tweetType":1,"viewCount":1721,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":498562844058528,"gmtCreate":1762741900462,"gmtModify":1762741902861,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586737504816693","authorIdStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/BUR\">$Burford Capital Ltd.(BUR)$</a> Very good news from Argentina perhaps","listText":"<a href=\"https://ttm.financial/S/BUR\">$Burford Capital Ltd.(BUR)$</a> Very good news from Argentina perhaps","text":"$Burford Capital Ltd.(BUR)$ Very good news from Argentina perhaps","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/498562844058528","isVote":1,"tweetType":1,"viewCount":2113,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":494266467938448,"gmtCreate":1761696699744,"gmtModify":1761696703503,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586737504816693","authorIdStr":"3586737504816693"},"themes":[],"title":"","htmlText":"Glad I bought some few months ago","listText":"Glad I bought some few months ago","text":"Glad I bought some few months ago","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/494266467938448","repostId":"2578931616","repostType":2,"repost":{"id":"2578931616","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1761645925,"share":"https://ttm.financial/m/news/2578931616?lang=en_US&edition=fundamental","pubTime":"2025-10-28 18:05","market":"us","language":"en","title":"UnitedHealth Lifts 2025 Profit Forecast, CEO Eyes Growth In 2026","url":"https://stock-news.laohu8.com/highlight/detail?id=2578931616","media":"Reuters","summary":"UnitedHealth lifts 2025 profit forecast, CEO eyes growth in 2026Oct 28 (Reuters) - UnitedHealth UNH.N on Tuesday raised its annual profit forecast after reporting better-than-expected quarterly earnin","content":"<html><head></head><body><p>Oct 28 (Reuters) - UnitedHealth UNH.N on Tuesday raised its annual profit forecast after reporting better-than-expected quarterly earnings as the U.S. health insurer kept medical costs in check.</p><p>UnitedHealth shares surged 6% in premarket.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/5588129fa43b7d0bec12fb6abf3bb0ff\" tg-width=\"852\" tg-height=\"837\"/></p><p>The company earlier this year drastically cut its outlook, which had sent its shares plummeting.</p><p>Newly returned CEO Stephen Hemsley has been under pressure to regain investor and consumer trust in the wake of an unexpected surge in medical costs and Americans&#39; anger at the high price of health care.</p><p>Hemsley, who has replaced several long-time executives, was brought in earlier this year as part of a management shakeup.</p><p>&#34;We remain focused on strengthening performance and positioning for durable and accelerating growth in 2026 and beyond, and our results this quarter reflect solid execution toward that goal,&#34; said Hemsley.</p><p>For the third quarter ended September 30, the company&#39;s medical loss ratio - the percentage of premiums spent on medical care - stood at 89.9%, which was in line with the company&#39;s expectations. Insurers aim for a ratio close to around 80%.</p><p>Analysts on average had expected the company to report a ratio of 89.87%, according to LSEG data.</p><p>Quarterly revenue at its Optum health services unit was flat year-over-year at $25.9 billion.</p><p>Revenue at Optum Rx, UnitedHealth&#39;s pharmacy benefit manager, rose 16% to $39.7 billion, helped by higher prescription volumes from new clients and growth in existing clients.</p><p>The healthcare giant now sees 2025 adjusted profit per share to be at least $16.25, compared with its previous estimate of at least $16.00. This is higher than the average analyst estimate of $16.20 per share.</p><p>On an adjusted basis, the company earned a profit of $2.92 per share for the quarter, beating analysts&#39; average estimate of $2.79.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UnitedHealth Lifts 2025 Profit Forecast, CEO Eyes Growth In 2026</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUnitedHealth Lifts 2025 Profit Forecast, CEO Eyes Growth In 2026\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-10-28 18:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Oct 28 (Reuters) - UnitedHealth UNH.N on Tuesday raised its annual profit forecast after reporting better-than-expected quarterly earnings as the U.S. health insurer kept medical costs in check.</p><p>UnitedHealth shares surged 6% in premarket.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/5588129fa43b7d0bec12fb6abf3bb0ff\" tg-width=\"852\" tg-height=\"837\"/></p><p>The company earlier this year drastically cut its outlook, which had sent its shares plummeting.</p><p>Newly returned CEO Stephen Hemsley has been under pressure to regain investor and consumer trust in the wake of an unexpected surge in medical costs and Americans&#39; anger at the high price of health care.</p><p>Hemsley, who has replaced several long-time executives, was brought in earlier this year as part of a management shakeup.</p><p>&#34;We remain focused on strengthening performance and positioning for durable and accelerating growth in 2026 and beyond, and our results this quarter reflect solid execution toward that goal,&#34; said Hemsley.</p><p>For the third quarter ended September 30, the company&#39;s medical loss ratio - the percentage of premiums spent on medical care - stood at 89.9%, which was in line with the company&#39;s expectations. Insurers aim for a ratio close to around 80%.</p><p>Analysts on average had expected the company to report a ratio of 89.87%, according to LSEG data.</p><p>Quarterly revenue at its Optum health services unit was flat year-over-year at $25.9 billion.</p><p>Revenue at Optum Rx, UnitedHealth&#39;s pharmacy benefit manager, rose 16% to $39.7 billion, helped by higher prescription volumes from new clients and growth in existing clients.</p><p>The healthcare giant now sees 2025 adjusted profit per share to be at least $16.25, compared with its previous estimate of at least $16.00. This is higher than the average analyst estimate of $16.20 per share.</p><p>On an adjusted basis, the company earned a profit of $2.92 per share for the quarter, beating analysts&#39; average estimate of $2.79.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2279689827.SGD":"JPMorgan Investment Funds - Global Income Sustainable A (mth) SGD-H","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","IE00BFTCPJ56.SGD":"Janus Henderson Global Life Sciences A Acc SGD","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","BK4566":"资本集团","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","SGXZ57979304.SGD":"United Global Healthcare A Acc SGD-H","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","UNH":"联合健康","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","SG9999001077.SGD":"United International Growth Fund SGD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0211326839.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) INC","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","SG9999001176.USD":"United Global Healthcare Acc USD","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU0061474960.USD":"天利环球焦点基金AU Acc","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","IE00BFXG1179.USD":"BNY MELLON U.S. EQUITY INCOME \"B\" (USD) INC","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU0432979614.USD":"JPM GLOBAL HEALTHCARE \"A\" ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","IE0002141913.USD":"JANUS HENDERSON GLOBAL LIFE SCIENCES \"I2\" (USD) ACC","LU0094547139.USD":"abrdn SICAV I - GLOBAL SUSTAINABLE EQUITY FUND \"A\" (USD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251028:nL4N3W90QE:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2578931616","content_text":"Oct 28 (Reuters) - UnitedHealth UNH.N on Tuesday raised its annual profit forecast after reporting better-than-expected quarterly earnings as the U.S. health insurer kept medical costs in check.UnitedHealth shares surged 6% in premarket.The company earlier this year drastically cut its outlook, which had sent its shares plummeting.Newly returned CEO Stephen Hemsley has been under pressure to regain investor and consumer trust in the wake of an unexpected surge in medical costs and Americans' anger at the high price of health care.Hemsley, who has replaced several long-time executives, was brought in earlier this year as part of a management shakeup.\"We remain focused on strengthening performance and positioning for durable and accelerating growth in 2026 and beyond, and our results this quarter reflect solid execution toward that goal,\" said Hemsley.For the third quarter ended September 30, the company's medical loss ratio - the percentage of premiums spent on medical care - stood at 89.9%, which was in line with the company's expectations. Insurers aim for a ratio close to around 80%.Analysts on average had expected the company to report a ratio of 89.87%, according to LSEG data.Quarterly revenue at its Optum health services unit was flat year-over-year at $25.9 billion.Revenue at Optum Rx, UnitedHealth's pharmacy benefit manager, rose 16% to $39.7 billion, helped by higher prescription volumes from new clients and growth in existing clients.The healthcare giant now sees 2025 adjusted profit per share to be at least $16.25, compared with its previous estimate of at least $16.00. This is higher than the average analyst estimate of $16.20 per share.On an adjusted basis, the company earned a profit of $2.92 per share for the quarter, beating analysts' average estimate of $2.79.","news_type":1,"symbols_score_info":{"UNH":0.9}},"isVote":1,"tweetType":1,"viewCount":1949,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":484971471733296,"gmtCreate":1759369529719,"gmtModify":1759369533008,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586737504816693","authorIdStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a> why does the Sony law suit has no impact on the stock price?","listText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a> why does the Sony law suit has no impact on the stock price?","text":"$TENCENT(00700)$ why does the Sony law suit has no impact on the stock price?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/484971471733296","isVote":1,"tweetType":1,"viewCount":2127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":479442724827288,"gmtCreate":1758078346195,"gmtModify":1758080807145,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586737504816693","authorIdStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a> suddenly spiked up at 11am. Not sure what's going on","listText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a> suddenly spiked up at 11am. Not sure what's going on","text":"$TENCENT(00700)$ suddenly spiked up at 11am. Not sure what's going on","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/479442724827288","isVote":1,"tweetType":1,"viewCount":2783,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":475275117068520,"gmtCreate":1757057352302,"gmtModify":1757057355337,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586737504816693","authorIdStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/03828\">$MING FAI INT'L(03828)$</a> fascinating valuation 5x earnings half book value quite reasonable consistent earnings hmmmm","listText":"<a href=\"https://ttm.financial/S/03828\">$MING FAI INT'L(03828)$</a> fascinating valuation 5x earnings half book value quite reasonable consistent earnings hmmmm","text":"$MING FAI INT'L(03828)$ fascinating valuation 5x earnings half book value quite reasonable consistent earnings hmmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/475275117068520","isVote":1,"tweetType":1,"viewCount":1905,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":475213676527664,"gmtCreate":1757042349938,"gmtModify":1757303135996,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586737504816693","authorIdStr":"3586737504816693"},"themes":[],"title":"","htmlText":"I read with alarm Tencent is one of the bidders for Starbucks China ops. What the hell is tencent thinking ???? Stay in ur core competency please!!!<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a>&nbsp;","listText":"I read with alarm Tencent is one of the bidders for Starbucks China ops. What the hell is tencent thinking ???? Stay in ur core competency please!!!<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a>&nbsp;","text":"I read with alarm Tencent is one of the bidders for Starbucks China ops. What the hell is tencent thinking ???? Stay in ur core competency please!!!$TENCENT(00700)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/475213676527664","isVote":1,"tweetType":1,"viewCount":2117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":469839321907632,"gmtCreate":1755744133957,"gmtModify":1755744136452,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586737504816693","authorIdStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a> 🤪","listText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a> 🤪","text":"$TENCENT(00700)$ 🤪","images":[{"img":"https://community-static.tradeup.com/news/5b0ac129c4bbc1ed388886f37932394b","width":"1122","height":"1737"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/469839321907632","isVote":1,"tweetType":1,"viewCount":1521,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":9036495826,"gmtCreate":1647169192437,"gmtModify":1676534200229,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586737504816693","idStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$</a>Sold down so much any small news eg accounting agreement between US and China regulators will lead to massive jump plus shorts will need to scramble to cover. Long term it's stillthe underlying business which has not changed&nbsp;","listText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$</a>Sold down so much any small news eg accounting agreement between US and China regulators will lead to massive jump plus shorts will need to scramble to cover. Long term it's stillthe underlying business which has not changed&nbsp;","text":"$TENCENT(00700)$Sold down so much any small news eg accounting agreement between US and China regulators will lead to massive jump plus shorts will need to scramble to cover. Long term it's stillthe underlying business which has not changed","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9036495826","isVote":1,"tweetType":1,"viewCount":1396,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000431","authorId":"9000000000000431","name":"PandoraHaggai","avatar":"https://static.tigerbbs.com/1697f3f91fe5c84e7af6ee5dbdfb3d88","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000431","idStr":"9000000000000431"},"content":"Will Tencent really delist from the US?","text":"Will Tencent really delist from the US?","html":"Will Tencent really delist from the US?"},{"author":{"id":"3479274775305388","authorId":"3479274775305388","name":"PSG2010","avatar":"https://static.tigerbbs.com/7b0d9918c0ae3b5288d953af85e09579","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3479274775305388","idStr":"3479274775305388"},"content":"Tencent is a great technology company, but investing in this stock should consider geopolitical relations, not just the value of the company.","text":"Tencent is a great technology company, but investing in this stock should consider geopolitical relations, not just the value of the company.","html":"Tencent is a great technology company, but investing in this stock should consider geopolitical relations, not just the value of the company."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9031247755,"gmtCreate":1646609500320,"gmtModify":1676534142216,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586737504816693","idStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a>I'm still adding to this loser ( andTencent)&nbsp;cuz nothing has changed....except market's irrational fear. Nobody said investing is easy. If u can't stomach the volatility then you should not be investing. Gobuy a low cost&nbsp;index ETF instead","listText":"<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a>I'm still adding to this loser ( andTencent)&nbsp;cuz nothing has changed....except market's irrational fear. Nobody said investing is easy. If u can't stomach the volatility then you should not be investing. Gobuy a low cost&nbsp;index ETF instead","text":"$Alibaba(09988)$I'm still adding to this loser ( andTencent) cuz nothing has changed....except market's irrational fear. Nobody said investing is easy. If u can't stomach the volatility then you should not be investing. Gobuy a low cost index ETF instead","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031247755","isVote":1,"tweetType":1,"viewCount":2361,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3567242381966976","authorId":"3567242381966976","name":"Danielng","avatar":"https://community-static.tradeup.com/news/5cd5b4aefd2b0994474d489d4d1c2904","crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"3567242381966976","idStr":"3567242381966976"},"content":"likewise. just bought more Baba. harder to add Tencent coz of the much larger outlay coz of lot size. but will add it it goes to $388 (1SD)","text":"likewise. just bought more Baba. harder to add Tencent coz of the much larger outlay coz of lot size. but will add it it goes to $388 (1SD)","html":"likewise. just bought more Baba. harder to add Tencent coz of the much larger outlay coz of lot size. but will add it it goes to $388 (1SD)"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":530950283965152,"gmtCreate":1770648210950,"gmtModify":1770648214662,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586737504816693","idStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/01523\">$PLOVER BAY TECH(01523)$</a> forte is integration with Starlink for n mobile satellite internet. Cruise ships aircraft and emergency vehicles in rural areas. Pep link is essential for uninterrupted datalink from sat/5G/wifi with automatic switching.&nbsp;","listText":"<a href=\"https://ttm.financial/S/01523\">$PLOVER BAY TECH(01523)$</a> forte is integration with Starlink for n mobile satellite internet. Cruise ships aircraft and emergency vehicles in rural areas. Pep link is essential for uninterrupted datalink from sat/5G/wifi with automatic switching.&nbsp;","text":"$PLOVER BAY TECH(01523)$ forte is integration with Starlink for n mobile satellite internet. Cruise ships aircraft and emergency vehicles in rural areas. Pep link is essential for uninterrupted datalink from sat/5G/wifi with automatic switching.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/530950283965152","isVote":1,"tweetType":1,"viewCount":909,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9036965511,"gmtCreate":1646964787145,"gmtModify":1676534182515,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586737504816693","idStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a>This loser Together with all Chinese tech companies are&nbsp;being dumped again By traders who are worried now due to delisting risks&nbsp;from the US market. fundamentally nothing new as far I could see. The only danger is from Chinese leadership decoupling from international markets which I don't see it happening.&nbsp;","listText":"<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a>This loser Together with all Chinese tech companies are&nbsp;being dumped again By traders who are worried now due to delisting risks&nbsp;from the US market. fundamentally nothing new as far I could see. The only danger is from Chinese leadership decoupling from international markets which I don't see it happening.&nbsp;","text":"$Alibaba(09988)$This loser Together with all Chinese tech companies are being dumped again By traders who are worried now due to delisting risks from the US market. fundamentally nothing new as far I could see. The only danger is from Chinese leadership decoupling from international markets which I don't see it happening.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9036965511","isVote":1,"tweetType":1,"viewCount":1349,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3573623922395080","authorId":"3573623922395080","name":"Joel Chua Hiang Yang","avatar":"https://community-static.tradeup.com/news/3c6985544a821f7e97480d0b9b72c180","crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3573623922395080","idStr":"3573623922395080"},"content":"If delisting happens, shares still exist but OTC. Given the popularity of the company there shouldnt be any problems with trading volumes OTC. There wont be a case of 100% loss. Look at China mobile","text":"If delisting happens, shares still exist but OTC. Given the popularity of the company there shouldnt be any problems with trading volumes OTC. There wont be a case of 100% loss. Look at China mobile","html":"If delisting happens, shares still exist but OTC. Given the popularity of the company there shouldnt be any problems with trading volumes OTC. There wont be a case of 100% loss. Look at China mobile"},{"author":{"id":"9000000000000665","authorId":"9000000000000665","name":"BurnellStella","avatar":"https://static.tigerbbs.com/2c065267febaa7f90a2c347c9360e4b1","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000665","idStr":"9000000000000665"},"content":"I can't even guess where Alibaba will fall.","text":"I can't even guess where Alibaba will fall.","html":"I can't even guess where Alibaba will fall."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":562945017208984,"gmtCreate":1778467610753,"gmtModify":1778467613941,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586737504816693","idStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a> crazy valuation currently as its worth double from here","listText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a> crazy valuation currently as its worth double from here","text":"$TENCENT(00700)$ crazy valuation currently as its worth double from here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/562945017208984","isVote":1,"tweetType":1,"viewCount":492,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":296167729438816,"gmtCreate":1713336528436,"gmtModify":1713336532132,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586737504816693","idStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/00839\">$CHINA EDU GROUP(00839)$</a> Results out next Friday 26April. I take it there might be write downs of the property non cash value against current earnings due to real estate crash in China. But I think enrollment should be strong still. 0.6 book value here adding more stock","listText":"<a href=\"https://ttm.financial/S/00839\">$CHINA EDU GROUP(00839)$</a> Results out next Friday 26April. I take it there might be write downs of the property non cash value against current earnings due to real estate crash in China. But I think enrollment should be strong still. 0.6 book value here adding more stock","text":"$CHINA EDU GROUP(00839)$ Results out next Friday 26April. I take it there might be write downs of the property non cash value against current earnings due to real estate crash in China. But I think enrollment should be strong still. 0.6 book value here adding more stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/296167729438816","isVote":1,"tweetType":1,"viewCount":2606,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9096737761,"gmtCreate":1644458895747,"gmtModify":1676533929406,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586737504816693","idStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a>Why is it still going up","listText":"<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a>Why is it still going up","text":"$Alibaba(09988)$Why is it still going up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096737761","isVote":1,"tweetType":1,"viewCount":1523,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3569231041389085","authorId":"3569231041389085","name":"股勇者","avatar":"https://community-static.tradeup.com/news/567f32d13848402390647d922ca583c9","crmLevel":7,"crmLevelSwitch":1,"authorIdStr":"3569231041389085","idStr":"3569231041389085"},"content":"LOL see u at 150s","text":"LOL see u at 150s","html":"LOL see u at 150s"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039637146,"gmtCreate":1646015847119,"gmtModify":1676534082573,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586737504816693","idStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a>Remember u are buying a share of the business. It's not just a stock!","listText":"<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a>Remember u are buying a share of the business. It's not just a stock!","text":"$Alibaba(09988)$Remember u are buying a share of the business. It's not just a stock!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039637146","isVote":1,"tweetType":1,"viewCount":1492,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3518957569138610","authorId":"3518957569138610","name":"Blackforest","avatar":"https://static.tigerbbs.com/f8ce5a6139ceedf019ff64f572e52836","crmLevel":13,"crmLevelSwitch":1,"authorIdStr":"3518957569138610","idStr":"3518957569138610"},"content":"Well said, but how you can be sure their biz is goong well?","text":"Well said, but how you can be sure their biz is goong well?","html":"Well said, but how you can be sure their biz is goong well?"},{"author":{"id":"3573623922395080","authorId":"3573623922395080","name":"Joel Chua Hiang Yang","avatar":"https://community-static.tradeup.com/news/3c6985544a821f7e97480d0b9b72c180","crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3573623922395080","idStr":"3573623922395080"},"content":"While retail spend comes with alot of tailwind, their cloud computing margins can go up to 30%. Eventually the operating income improvement will lower fheir PE and fundamentals will go strong again","text":"While retail spend comes with alot of tailwind, their cloud computing margins can go up to 30%. Eventually the operating income improvement will lower fheir PE and fundamentals will go strong again","html":"While retail spend comes with alot of tailwind, their cloud computing margins can go up to 30%. Eventually the operating income improvement will lower fheir PE and fundamentals will go strong again"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9018909166,"gmtCreate":1648953239062,"gmtModify":1676534427170,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586737504816693","idStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a>CSRC to allow foreign auditors full access to China companies listed overseas, except a few with state secrets. Will pop on Monday!","listText":"<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a>CSRC to allow foreign auditors full access to China companies listed overseas, except a few with state secrets. Will pop on Monday!","text":"$Alibaba(09988)$CSRC to allow foreign auditors full access to China companies listed overseas, except a few with state secrets. Will pop on Monday!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9018909166","isVote":1,"tweetType":1,"viewCount":1571,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4110787565741242","authorId":"4110787565741242","name":"Darkkon","avatar":"https://community-static.tradeup.com/news/4b2ccd1ab8fd2ba33f344c8207c75cdf","crmLevel":7,"crmLevelSwitch":1,"authorIdStr":"4110787565741242","idStr":"4110787565741242"},"content":"lol Friday already had news that china will support ADR companies for auditing and BABA opened at $118 and drop back down to $109 and closed at $110.20. All this news just kept repeating","text":"lol Friday already had news that china will support ADR companies for auditing and BABA opened at $118 and drop back down to $109 and closed at $110.20. All this news just kept repeating","html":"lol Friday already had news that china will support ADR companies for auditing and BABA opened at $118 and drop back down to $109 and closed at $110.20. All this news just kept repeating"},{"author":{"id":"9000000000000725","authorId":"9000000000000725","name":"AfraSimon","avatar":"https://static.tigerbbs.com/46d30a827da942c1b0307f51e832534e","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000725","idStr":"9000000000000725"},"content":"I've always been a supporter of Alibaba, and I believe its stock will bounce back and even catch up to Amazon","text":"I've always been a supporter of Alibaba, and I believe its stock will bounce back and even catch up to Amazon","html":"I've always been a supporter of Alibaba, and I believe its stock will bounce back and even catch up to Amazon"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9032920879,"gmtCreate":1647264384235,"gmtModify":1676534209310,"author":{"id":"3586737504816693","authorId":"3586737504816693","name":"Gohsan","avatar":"https://community-static.tradeup.com/news/bc3295777ce907771beb2bd2d98fe79a","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586737504816693","idStr":"3586737504816693"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>When u have Bloomberg headline about panic selling in Chinese stocks surely the bottom is near as capitulation sales should be already peaking","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>When u have Bloomberg headline about panic selling in Chinese stocks surely the bottom is near as capitulation sales should be already peaking","text":"$Alibaba(BABA)$When u have Bloomberg headline about panic selling in Chinese stocks surely the bottom is near as capitulation sales should be already peaking","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032920879","isVote":1,"tweetType":1,"viewCount":3971,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574686591997456","authorId":"3574686591997456","name":"SEK","avatar":"https://community-static.tradeup.com/news/7924e6c7e47a37a2b18a0c4614392b93","crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"3574686591997456","idStr":"3574686591997456"},"content":"Dont think so. Im holding onto the stock but i dont think it’s done becuase theres no catalyst to move the stock up","text":"Dont think so. Im holding onto the stock but i dont think it’s done becuase theres no catalyst to move the stock up","html":"Dont think so. Im holding onto the stock but i dont think it’s done becuase theres no catalyst to move the stock up"},{"author":{"id":"3573388909005978","authorId":"3573388909005978","name":"Master_z","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3573388909005978","idStr":"3573388909005978"},"content":"Problem is people have been saying the bottom is in for 12 months","text":"Problem is people have been saying the bottom is in for 12 months","html":"Problem is people have been saying the bottom is in for 12 months"}],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}