If you have been reading my blog, you would know that i am quite bullish on China, particularly on Alibaba. I have been increasing my position for Alibaba for the past months. Refer to this entry. Its currently around 14% of my total portfolio. Went down a tad as i bought more shares along the way as well. Another reason why I am still bullish with China is because while the whole world is grappling with high inflation. China's inflation is at a respectable number. There's still room for more stimulus!
Share price has been on a tear recently, going up by 30% compared to a month ago. The 1 big news that i was waiting for is the IPO of Ant financial. If you can remember, the Ant financial IPO saga was the turning point for all China tech stocks. This reminds me of a saying in the 风云, 成也风云 败也风云, but in reverse in the case of chinese tech stock....