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Sandiya艾尔21
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Suadagar Ali
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#FRIENDS $
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Dreamer 梦想家
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good morning
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奋斗Hustle1688
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I think I know why the Hang Seng Tech Index has been so sluggish.
You can tell just by looking at the Wuzhen Internet Conference: whether it’s the companies or the conference itself, things are getting worse year after year.
Let’s look back at 2017. What was everyone talking about back then? The famous “Dongxing Dinner.”
The 16 people sitting around that table were undoubtedly among the wealthiest and most influential investors in China’s internet industry at the time. They gathered to discuss the state of the world, chatting and laughing together.
Now look at the lineup at Wuzhen in 2026. What do you see? Influencers and actors, all of them.
What does that have to do with the internet? Oh, if you count livestream shopping as the internet, then I suppose there’s a little connection.
But let’s be honest: are these people in the same league as the big shots at the Dongxing Dinner back then?
As for those once all-powerful big shots, one by one, they’ve lost the swagger they had in those days.
With intense regulatory pressure, cutthroat competition, and a sluggish consumer economy, who’s in the mood to wine and dine?
@Tencent @Kuaishou @Meituan, I’m talking about you.
It really proves that old saying: “When the tiger is away from the mountain, the monkeys become kings.” The big shots have stopped showing up, so naturally all that’s left is a bunch of nobodies making a nuisance of themselves.
So, now you understand why the Hang Seng Tech Index just can’t seem to rise, right? Haha.
You can tell just by looking at the Wuzhen Internet Conference: whether it’s the companies or the conference itself, things are getting worse year after year.
Let’s look back at 2017. What was everyone talking about back then? The famous “Dongxing Dinner.”
The 16 people sitting around that table were undoubtedly among the wealthiest and most influential investors in China’s internet industry at the time. They gathered to discuss the state of the world, chatting and laughing together.
Now look at the lineup at Wuzhen in 2026. What do you see? Influencers and actors, all of them.
What does that have to do with the internet? Oh, if you count livestream shopping as the internet, then I suppose there’s a little connection.
But let’s be honest: are these people in the same league as the big shots at the Dongxing Dinner back then?
As for those once all-powerful big shots, one by one, they’ve lost the swagger they had in those days.
With intense regulatory pressure, cutthroat competition, and a sluggish consumer economy, who’s in the mood to wine and dine?
@Tencent @Kuaishou @Meituan, I’m talking about you.
It really proves that old saying: “When the tiger is away from the mountain, the monkeys become kings.” The big shots have stopped showing up, so naturally all that’s left is a bunch of nobodies making a nuisance of themselves.
So, now you understand why the Hang Seng Tech Index just can’t seem to rise, right? Haha.
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