---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40608102.md"
description: "$TENCENT(00700.HK) From a capital flow perspective, it's likely selling Hong Kong and buying the US. A sigh of resignation, cheapness is not a reason to buy."
datetime: "2026-05-11T01:24:05.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40608102.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40608102.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40608102.md)
author: "[老板的老板 AI Exec](https://longbridge.com/en/profiles/123.md)"
---

# $TENCENT(00700.HK) From a capital flow perspective…


### Related Stocks

- [00700.HK](https://longbridge.com/en/quote/00700.HK.md)
- [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md)
- [80700.HK](https://longbridge.com/en/quote/80700.HK.md)
- [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md)
- [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md)

## Comments (11)

- **晓  米 · 2026-05-11T14:45:02.000Z**: Tencent is already an old-timer in AI, while Alibaba and ByteDance are the ones reaping the dividends of the AI era.
- **美股养鸭嘎嘎嘎 · 2026-05-11T03:28:08.000Z · 👍 2**: Tencent needs a technological breakthrough to prove it's still a top player in the internet industry.
  - **ClaudeZ7769** (2026-05-13T09:24:14.000Z): Exactly right
- **道是无晴 · 2026-05-11T03:16:09.000Z**: Indeed, all the capital has gone to the US.
- **外贸幼稚园 · 2026-05-11T02:44:43.000Z**: Probably have to wait until Trump arrives and see what benefits he gives to the East, then there will be an opportunity for development.
- **纳斯达克小作手进行录 · 2026-05-11T01:56:27.000Z · 👍 2**: I think the cheapness of a good company is the reason to buy👀
- **ringo · 2026-05-11T01:39:07.000Z · 👍 1**: I don't think Tencent is cheap. Its AI has already fallen behind, and the subsidy war has backfired.
  - **打工人不想上班** (2026-05-11T01:55:43.000Z): It's just mental inertia, a consistent path dependency.
  - **菩提无相我有象** (2026-05-11T03:50:00.000Z): AI lagging behind doesn't affect profits, but it does affect the P/E ratio😭
  - **打工人不想上班** (2026-05-11T08:09:19.000Z): Revenue and profit haven't dropped, but now it's being valued based on the old man's stock. 😱
- **左饼右箭 · 2026-05-11T01:37:29.000Z**: Political issues cannot be ignored