I reckon that Tencent has just made an investment that in hindsight will be seen as a copy cat mistake comparable with Softbank's purchase of WeWork - poor old Masayoshi Son had to buy the whole circus to get it out of the media - what an embarasment!
I see the same modus operandi in play.
The good news is that Tencent only bought 5% of the company when it was getting pounded.
I wonder how long they will stick around?
Keep banking the drum guys, it still a ponzi.
Don't forget to take some profits while you can...........
DDD
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