Gaming Billionaire’s Wealth Plunge Accelerates to $10 Billion After Tencent Sale_老虎社区_美港股上老虎

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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Deonc
·2022-01-06
Good sharing, will share drop further or is good time now while is dips ?
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- tig2021:
  ok
  2022-01-06
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tungngie
·2022-01-06
Here comes an oppurtunity? Hehe.
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- TK63:
  like ah
  2022-01-06
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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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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":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":695848410,"type":1,"supId":0,"prevId":0,"content":"like ah","text":"like ah","html":"like ah"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":15,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}