OZLA
Long

ADDING CHINA BEST OF BREEDS - BABA, BIDU, BZUN, GELYY

OTC:TCEHY   TENCENT HOLDING LTD
Added positions in China as I see strength in growing middle class/consumers.
- More attractive valuation than those in US.
- I believe there is more credibility in investing in China's blue-chips. I expect foreign institution $ to flow back to China.
- I am focusing on purchasing best companies in China in technology space.
- I like internet of things and I believe China is ahead of US in terms of utilizing mobile payment such as WeChat by Tencent. I wanted to begin adding positions prior to Tencent earning release next week on March 28, 2018.
- Only non-internet related company is GELYY . China's first global automaker.
- No in-depth technical analysis was conducted as I plan to hold these investments for longer term. However, the overall China market and tech industry's monthly chart shows upside from here.
- I will be conducting more technical analysis for swing trading in another account and compare results.

Ref only - FXI: IShare China Large Cap

Ref only - KWEB: China tech exclude hardware

BABA:

BIDU:

BZUN:

GELYY: (This is only company that is not internet of things. China's #1 public automaker. Now owns Volvo.)

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