Tuesday, April 5, 2022

Tiger Global's hedge fund has slumped by 34% from January to March 2022, losing around $10B, fueled by declining stocks, the Ukraine war, and China's crackdown (Hema Parmar/Bloomberg)

Hema Parmar / Bloomberg:
Tiger Global's hedge fund has slumped by 34% from January to March 2022, losing around $10B, fueled by declining stocks, the Ukraine war, and China's crackdown  —  In his 20s, he was a hedge-fund wunderkind.  By his 40s, a hedge-fund legend.  But suddenly, Chase Coleman is stumbling, and hard.



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...