[PaulHoule]

One of life's little mysteries is that you almost always lose money if you invest internationally. A friend of mine says it is because the locals know what is going on better than you do.

Tencent was a major investor in Magic Leap and the Saudi Sovereign Fund invested heavily in .coms in early 2000. It is definitely not a sell signal, but I would not buy what Tencent is buying.

[g123g]

You should have told this fact to Yahoo management before they invested in Alibaba or maybe to Naspers before they invested in Tencent.

[edsheeran]

Sounds like confirmation bias, also one of life's mysteries.

[davedx]

Citation definitely needed.

Most of my investments are in stocks and funds outside of where I live (Netherlands). Guess which parts of my portfolio aren't doing so well? The EU bonds.

[dkersten]

"I would not buy what Tencent is buying."

Tencent own a lot of stock in (international) companies that are doing well too. For example, Riot Games, Epic Games and Snapchat.

Similar things can be said about Alibaba.