Go to the top of the thread and spend 24 minutes watching the a16z presentation. Trust me. The best 24 minutes you'll spend this year.
I adjusted my investment after watching. I now realized I need to cover the live streaming space. I already started buying Alibaba and JD.com this week. Now I will add MoMo to take care of live streaming.
So my Chinese portfolio will look like this: Tencent, Alibaba, JD and MoMo. I will increase the weight to 1/3 of my portfolio at least, if not more.
Even if you have no interests in buying Chinese tech shares, it's still highly educational to see what they have done so you have a feeling where we are headed. No doubt there are teams in Facebook studying WeChat and MoMo to steal ideas. Now I wonder if Bezos has teams in China to study the O2O space. Watch that clip where Jack Ma went shopping.