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

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. [wsj.com/articles/how-chinas-geely-turned-a-disassembled-mercedes-into-a-global-car-company-1520188109]
- 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.)