$TENCENT.HK$ Tencent's valuation is low now, but could it fa...

Tencent's valuation is low now, but could it fall into a value trap in the future? It's an interesting question, and I'm inclined not to, because it's in an industry that values innovation so much and has some of the most innovative r&d people around. Neither will Ali, for the same reason. This is the underlying logic.

Most of the demand for human activity is created, and business model innovation is also innovation.