I think I know why the Hang Seng Tech Index has been so lackluster.
You can tell just by looking at the Wuzhen Internet Conference. Whether it's the companies or the conference itself, things are getting worse year after year.
Back in 2017, what was everyone watching? The “Dongxing Dinner.”
There were 16 people around that dinner table, basically representing China's biggest internet moguls and investment tycoons at the time. They were all gathered together, chatting and laughing.
What do we see in 2026? Influencer representatives and actor representatives.
What does that have to do with the internet? If livestream shopping counts, then okay, there's a little connection.
But compared with the Dongxing Dinner, are these really people in the same league?
As for the people who were there back then, they've all lost that fire and swagger.
With regulatory pressure, cutthroat competition, and sluggish consumption, who the hell feels like having dinner? Who's in the mood?
Tencent, Kuaishou, Meituan—I'm looking at you.
When the tiger's away from the mountain, the monkeys become kings. If the big shots aren't coming to dinner, isn't that just giving the little nobodies a chance to run wild?
So, now you know why the Hang Seng Tech Index is struggling, right? Haha.
You can tell just by looking at the Wuzhen Internet Conference. Whether it's the companies or the conference itself, things are getting worse year after year.
Back in 2017, what was everyone watching? The “Dongxing Dinner.”
There were 16 people around that dinner table, basically representing China's biggest internet moguls and investment tycoons at the time. They were all gathered together, chatting and laughing.
What do we see in 2026? Influencer representatives and actor representatives.
What does that have to do with the internet? If livestream shopping counts, then okay, there's a little connection.
But compared with the Dongxing Dinner, are these really people in the same league?
As for the people who were there back then, they've all lost that fire and swagger.
With regulatory pressure, cutthroat competition, and sluggish consumption, who the hell feels like having dinner? Who's in the mood?
Tencent, Kuaishou, Meituan—I'm looking at you.
When the tiger's away from the mountain, the monkeys become kings. If the big shots aren't coming to dinner, isn't that just giving the little nobodies a chance to run wild?
So, now you know why the Hang Seng Tech Index is struggling, right? Haha.
