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Tencent Crayfish Meme Drives 10% Rally

Tencent Crayfish Meme Drives 10% Rally

Tencent's viral crayfish promotion sparked a 10% stock surge and 50% gains in MiniMax-linked stocks, underscoring social media's role in amplifying market emotions over fundamentals. Investors relying on Western sources miss China-specific sentiment signals from WeChat and Douyin. This signals a shift to meme-driven trading in traditional markets.