---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/41066469.md"
description: "$TENCENT(00700.HK)$BABA-W(09988.HK)$PDD(PDD.US)Many stock friends mentioned recently wanting to liquidate their China concept stock positions.Referencing the tax increase on operators in February.Although I despise this phenomenon, the reality is that insider information often leaks out months or even half a year in advance.Exiting the market after the news is announced is not the best choice.In an interview, Dan Bin also mentioned that large-cap US stocks experience significant volatility after earnings reports because the risk and cost of insider trading are extremely high.Over here in the East, it's often the case that a trend develops over two or three months, then the news lands, creating an illusion of 'smart money'."
datetime: "2026-05-23T05:32:33.000Z"
locales:
  - [en](https://longbridge.com/en/topics/41066469.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/41066469.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/41066469.md)
author: "[大花卷](https://longbridge.com/en/profiles/12196320.md)"
---

# $TENCENT(00700.HK)$BABA-W(09988.HK)$PDD(PDD.US)Man…


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## Comments (2)

- **不断学习，不断进步。 · 2026-05-23T09:19:41.000Z**: So there's a reason why the Hang Seng Tech Index has been undervalued all along.
- **KAISHENGHK · 2026-05-23T06:06:18.000Z**: 🀄️This belongs to the green attribute