There is an old Chinese saying that it is better to believe in what it has than not to believe in what it does not have.
At the start of 2022, Musk tweeted a relatively pessimistic view of the economic situation in 2022: "Predicting the macro economy is challenging, and my intuition is that the Great Recession will be around the spring or summer of 2022, but no later than 2023."
It should be noted that the financial crisis and the economic crisis are actually very different. Financial crises generally kill asset prices, such as the depreciation of assets such as real estate stocks in the hands of investors, while economic crises kill all economic activities.
How to say it? We ordinary people do not have Musk's insight, if there is really a financial crisis, it must not be around the United States. why? The United States is the world's only financial hegemon and holds the right to issue the world's currencies. Many of the past global financial crises have actually been related to U.S. finance.
Recently, Tencent has reduced its holdings in 14,492,751 Class A shares of Southeast Asian e-commerce Sea, reducing Tencent's stake in Sea from 21.3% to 18.7% and losing voting rights.
According to the public information of the "Southeast Asia Small Tencent" Sea, Sea Limited was founded by Li Xiaodong in 2009, and it has three major business sectors, such as the e-commerce platform Shopee, the video game platform Garena, and the digital finance business SeaMoney. Born in Tianjin and a graduate of the Engineering Department of Shanghai Jiao Tong University, Li Xiaodong topped the list in August 2021 with a net worth of $19.8 billion.
As of now, Sea's share price is $223.31, with a market capitalization of $123.8 billion; at the current share price, Tencent can cash out more than $3.2 billion.
Coincidentally, some time ago, Tencent also reduced its stake in JD.com in a large way, in addition to JD.com, Tencent and Sogou withdrew from Zhihu shareholders, and some experts believe that Tencent's move may be related to the current national anti-monopoly background, "which can be regarded as an active compliance practice." ”
So the question is, in addition to the anti-monopoly impact of the Internet, what kind of considerations does Tencent have for recently reducing its own investment? Let's take a quick look at it!
First of all, JD.com, Tencent's large-scale reduction in JD.com, there is another reason is not optimistic about the domestic e-commerce industry.
Netizens are well aware that the current domestic e-commerce industry can be described as an "unprecedented inner volume", before the e-commerce is the double hegemony of Jingdong and Ali, but with the rise of new e-commerce such as Pinduoduo and Douyin Kuaishou, the current domestic e-commerce has once again become the Red Sea market.
Several domestic e-commerce platforms will continue to compete in the future, and it is not good to say that in the next 3 to 5 years, an e-commerce platform may fall. Therefore, Tencent's reduction in JD.com is actually more about preserving investment returns.
Speaking of Tencent's reduction in Southeast Asian e-commerce Sea, some netizens believe that the reason why Tencent reduced its holdings in Sea is also to obtain investment income, after all, Sea's stock price has risen sharply in the past few years, and Tencent's investment is a big profit.
But there is also a saying that Tencent will reduce the voting power to less than 10 and better enter the Indian market, so as not to say that Sea is a Chinese company.
Of course, we think from the bad side, Ma Huateng may be consistent with Musk's thoughts, 2022 or really have a financial crisis, plus it is now the Internet ice age, Tencent is not bad money, but in hoarding cash, Ma Huateng and his team must have smelled different signals.