$TENCENT (00700.HK)$ Tencent in the game, monopoly of these ...

Tencent in the game, monopoly of these specific policies after the landing, from these two days the stock price performance is quite stable. A quick summary:

1. What capital worries about is not being punished or restricted by development, but the uncertainty of policy. Only certainty can predict the future development prospect and pricing of the company.

2, policies, standards, the specification, the better, on the same standards of the runway and rules, the strong stronger, when winter freeze to death is often a wild hares, rather than a tiger and a lion, games, music and other, tencent should adapt to the new rules, the development of better, excellent enterprise evolution is according to the new environment, and it has the space and time, This is the moat of a business;

3. From the perspective of Tencent giving up exclusive music copyright, what we need to consider is the standard and boundary of monopoly? Today is music, the future could be film or other, it is possible.

In addition, the anti-monopoly policy, in fact, may be bad for enterprises in the short term, but should be good in the long run. After a piece of soil is purified, the ecology will be richer, the cake will be bigger and bigger, and there will be more investment opportunities for large enterprises. This is more sustainable for giants such as Tencent and Ali, but it requires some pain.

In the long run, only enterprises that can continuously stand the test and evolve with the environment are excellent enterprises and have long-term value investment. And enterprises with such potential can count on the market at present.

Tencent, development to now at least proved that he has such ability.