Gaming Billionaire’s Wealth Plunge Accelerates to $10 Billion After Tencent Sale

Bloomberg2022-01-06

The fortune of Sea’s Forrest Li has declined to $11.8 billionShares plunged by the most in almost two years on TuesdayForrest LiPhotographer: Wei Leng Tay/BloombergOne of the richest gaming ...

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精彩评论

Deonc
2022-01-06
Deonc
Good sharing, will share drop further or is good time now while is dips ?
- tig2021:
  ok
tungngie
2022-01-06
tungngie
Here comes an oppurtunity? Hehe.
- TK63:
  like ah

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After growing competition and a wider profit loss, the latest blow came on Tuesday, when Tencent Holdings Ltd. cut its stake in the gaming and e-commerce giant, driving the stock to its worst slump in almost two years.Li became Singapore’s richest person last year as the company benefited from a surge in demand for gaming and online shopping amid the Covid-19 pandemic. But things soon started turning sour as Sea faced profitability concerns amid fierce competition and rivals’ public debuts.Even before Tencent’s move, its ADRs dropped 39% from the high in October. They fell 6.6% on Wednesday to close at $184.72 in New York.Tencent said Tuesday it is cutting its Sea stake to 18.7% from 21.3%, with its voting rights decreasing to under 10%. 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He’s Singapore’s third-richest person, following Li Xiting of medical-equipment maker Shenzhen Mindray Bio-Medical Electronics Co. and Nippon Paint Holdings Co.’s Goh Cheng Liang. 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Hehe.&nbsp;","listText":"Here comes an oppurtunity? Hehe.&nbsp;","text":"Here comes an oppurtunity? Hehe.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/695848410","repostId":1129328712,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7158018,"gmtCreate":1641431659940,"gmtModify":1641431659979,"authorId":3568965050760713,"author":{"id":3568965050760713,"authorId":3568965050760713,"name":"TK63","avatar":"https://static.tigerbbs.com/a4080eac72045136aac680a580145aba","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":695848410,"type":1,"supId":0,"prevId":0,"content":"like ah","text":"like ah","html":"like ah"}],"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":15,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.25.1","shortVersion":"4.25.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1129328712"}