A.J. Button

Financial writer/journalist. Looking for value names in Chinese tech & AI. Follow for my latest investment ideas.

[A.J. Button @AJButton2]

Hello new followers who came from @BrianTycangco's post!

Here are the things you can expect me to tweet about on this account:

[A.J. Button @AJButton2]

@au79alpha I agree.

[A.J. Button @AJButton2]

Bitcoin does not have intrinsic value.

[Neha Nagar @nehanagarr]

Is bitcoin a scam disguised as an investment asset?

[A.J. Button @AJButton2]

"Stock prices have reached what looks like a permanently high plateau."

— Irving Fisher, October 1929

Remind you of anything you've read on X lately?

[A.J. Button @AJButton2]

@MetamateDaz People were saying stuff like this before 1929 hit, too.
Google "permanently high plateau economist quote."

[Nostra, House of Gold @Nostre_damus]

It currently costs $87k to mine a bitcoin only worth $67k

think about that

[A.J. Button @AJButton2]

@PatientTradeX @lukecannon727 Oh there were signs, fren

[A.J. Button @AJButton2]

@benbstwits @KateCornell we need trillions

[A.J. Button @AJButton2]

@bkkdude Krung Thep, the city of Angels

[A.J. Button @AJButton2]

Bangkok keeps getting built up, day after day.

[amin eftegarie @eftegarie]

🇹🇭 Bangkok now has a FREE GYM inside Benchakitti Park. A huge hall with weight-lifting and cardio machines, completely free to use for everybody.

[A.J. Button @AJButton2]

@mitchpresnick IDK how Western policymakers should respond to Chinese companies.

I know that Western entrepreneurs could respond by selling Chinese products in Europe and the United States.

[A.J. Button @AJButton2]

@ScropFx So what happened in the U.S. between 1999 and 2012? Was the system not open then? Were the companies (many of which are still among the top companies today) not good?

[A.J. Button @AJButton2]

Many Chinese companies are doing big things in AI.

Where Alibaba stands out is in two areas:

1. The level of investment (it's spending the most out of them all).
2. Its full stack capabilities (chips + models + applications + cloud).

DeepSeek OTOH is impressing people with its model development and competitive prices.

[Z @ZeeContrarian1]

China reportedly restricted overseas travel for key AI talent at Alibaba and DeepSeek.

Maybe it’s just national security. Maybe not.

What stands out is that these are the two AI companies Beijing appears to view as the most important strategic assets.

Are we about to get some surprises from Alibaba over the next couple of months?

I opened a large $BABA position today.

Stop loss: $118.

[A.J. Button @AJButton2]

@ScropFx you keep making this error of mistaking past returns for current investment value
your logic would have lead to selling U.S. stocks in 1980, 2009, 1933, etc.

[A.J. Button @AJButton2]

@ScropFx I'm pretty sure the current Hong Kong price implies that BABA should open roughly unchanged on the NYSE today?

[A.J. Button @AJButton2]

what would be the point of looking at the stock's returns in the past? the business is in the process of fundamentally transforming into an AI cloud company.
Somebody could have asked what you just asked about U.S. stocks in 2012 or 1980. In both cases U.S. stocks had just gone through lost decades.

[A.J. Button @AJButton2]

@ScropFx Yesterday BABA was up 4.5%, Tencent up 10%

[A.J. Button @AJButton2]

Can you imagine how the market would react if QWEN took the #1 OVERALL spot among all AI models?

Crazy to think it could happen not too far into the future.

[Jerome Chowell @popsicle7631]

$BABA Alibaba's Qwen is moving at an insane pace.

Qwen now outperforms leading American frontier models like Claude and Gemini across visual benchmarks, while reaching comparable performance on software engineering and agentic coding tasks.
A few months from now, Qwen could be competing for the #1 spot across the board.
The AI race is getting a lot more interesting. 🔥

[Traian Kianidis @TKianidis]

Nobody is even talking about Bitcoin anymore. That’s a big problem for crypto. All that speculative money is now in AI stocks.

[A.J. Button @AJButton2]

Tencent is working on embedding an AI agent in WeChat.

The stock is up 10% on the news.

If this AI agent is executed well and integrated into WeChat intelligently, it will further cement WeChat's status as China's "everything app."

$TCEHY

[A.J. Button @AJButton2]

WeChat is the everything app of China. Facebook + Apple Pay + WhatsApp all rolled into one.

Extremely hard to compete with.

[Chris R 肯德基 @ChrisRinvesting]

@TKianidis @taobanker Why tencent specifically?