Added to Zoom

I have been thinking of adding to Zoom for a while. Analysis of their latest planned acquisition of Five9 suggests that the business could evolve into a powerhouse. So I started to increase this week at 363 and hope that market choppiness will help me buy a few more soon.

We have seen some big losses of value by Chinese ADRs recently. Think I will maintain present positions in KC and XPEV. American investors are becoming very fearful of Chinese names because of political threats to end US quotes and the general backlash against China. Of course the quotes could be moved to London or Singapore – just a depot change away. There will undoubtedly be a lot of noise but this is reflected in discounted valuation for the Chinese tech sector.

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