I’ve been holding JD.com and Tencent for almost 5 years now and I’m still down overall on both positions.
I’m seriously considering:
• Selling all of my JD.com
• Trimming some Tencent
• Rotating that capital into META
My thinking:
• China risk (regulatory, geopolitical, sentiment) just doesn’t seem like it’s going away
• META is very profitable, buying back shares, and still has growth optionality (AI, Reels, WhatsApp monetization, VR/AR etc.)
But I know “selling at a loss to chase winners” can be classic mistake territory.
For those who’ve been in a similar spot:
• Did you cut your China positions and move on? Regret it or happy you did?
• Is it dumb to go heavy into a single US mega-cap like META right now?
• Any strong case left for JD/Tencent over the next 5–10 years that I might be ignoring?