Published on 20 Jan 2022 on Insider Monkey via Yahoo Finance
In this piece, we will take a look at the 9 latest stock picks of Chinese billionaire Chen Tianqiao's Shanda Asset Management. If you want to jump ahead to the top five stocks in this list, then head on over to the 5 Latest Stock Picks of Chinese Billionaire Chen Tianqiao's Shanda Asset Management.
Mr. Chen Tianqiao is a Chinese billionaire who is in charge of the Shanda Asset Management firm. He lives in California, United States, and his investment firm is a spinoff from an online gaming company that he founded in China in 1999. This company, dubbed Shanda Interactive Entertainment Limited, became the first Chinese online gaming company to publicly sell its shares on an American stock market when it listed its shares on the NASDAQ in 2004.
Since then, Shanda Entertainment has transformed itself into a private hedge fund, after it spun off its gaming division in 2009, which managed to raise $1 billion by selling its shares under the ticker NASDAQ:GAME. Following the spin-off, Mr. Chen and other Shanda partners took the company private, in a transaction valued at more than $2 billion.
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