Vida, a Gen Z billionaire and founder of Formula News, said this evening that he bought shares of Zhongji Xuchuang, Invesco China Technology ETF, and Tencent last Friday. He added that if panic intensifies in the A-share market tomorrow, he will consider buying more heavily. He believes that the current market downturn is likely to resemble the South Korean stock market's situation from late July to mid-August this year, with a rapid rebound following the oversold panic.