In the subreddit r/WallStreetBets, a popular term for when an investment goes up is “tendies” — as in chicken tenders.
Why? Well, the answer to that is less important than this fun fact: Tencent — the ~$800B Chinese tech giant — posted tendies of $120B in 2020 on its investment portfolio.
The app has been likened to a combination of Uber, Twitter, DoorDash, Venmo, and WhatsApp in one.
But the company is also one of the “world’s biggest and savviest tech investors,” according to The Information:
Highlights for Tencent include:
… Meituan (Chinese delivery app), Pinduoduo (Chinese social app), Sea (Southeast Asia superapp), and Snap (US social app).
One caveat: These are unrealized gains as Tencent has not sold the stakes… but if they do, there will be no amount of breadcrumbs in the world to make that amount of tendies.