Tencent at 400 is a great buying opportunity. Think about those who sold Moutai in May to chase AI at its peak. Back then, if you said to buy Moutai, didn't you get criticized like crazy? It's been less than half a year, AI-related stocks have dropped by half, while Moutai has gone up 20%. AI is the trend, but many stocks were overvalued. In May, we weren’t rejecting AI, we were rejecting high valuations. The liquor market is in decline, but Moutai’s valuation of less than 1.4 trillion at the time was overly pessimistic. Buying the dip was safe, and even now at 1.6 trillion, it’s still safe. But compared to Tencent at 400 HKD, Tencent now offers better value for money. The current valuation for Tencent is also overly pessimistic. Buying the dip here is relatively safe.