Tencent Holdings Ltd (TCEHY-OTC)

Tencent was nearly $100 two weeks ago and now $84. Similarly, BABA has popped from $225 back to $280, round trip. Tencent is seeing its first meaningful sell-off in a while. In the low/mid-$80s it is an interesting range.

This didn't come down much during the pandemic. Has good growth and diversification. Has its own payment system. Actually, this sold off last year during the trade war, but has held in this year like a rock. They are solid. Has good growth ahead. (Analysts’ price target is $56.67)

Tencent is a Chinese Internet company. Great option if you are looking for growth.

It struggled during the American tariffs, but has recovered a bit after the tariffs were lifted. He needs to see financial reporting from a company, and Chinese companies are only 70% compliant with global standards.

He owns this one -- about 1% of his portfolio. He has a price target of $53.70 US. It is undervalued. It is the largest online advertiser, gaming space and more. It is getting into fintech and cloud storage -- all with good long runways.

A Chinese regulator is looking into it, saying that the music is too restrictive for competition. As always in China, it's what the communist party wants. If they decide to go down on it, they will.

Baidu reported earnings recently and missed sending the stock down. He does not believe tech talk as having a real revenue story. As such, the valuation does not make too much sense to him. The trade issues with China have made all these companies cheap, so if you are a trader this could be a good way to go. He would prefer Tencent or Alibaba instead.