Billionaire Chen Tianqiao was the founder of the online gaming company Shanda Interactive Entertainment Ltd, which was the first Chinese online gaming company listed in the U.S. The firm’s most favorite investment areas include consumer discretionary, healthcare, and information technology businesses. His investment firm seeks to hold a long-term position in stocks that are involved in disruptive technologies. Shanda Asset Management also likes to take advantage of the market volatility, with the strategy of buying on the dip and selling when the stock reaches its fair value. Some of his venture capital investments include Propel and Ubiquity, 11.2 Capital, and Foundation Ventures. Along with investing activities, he has devoted his wealth and time to charitable activities, including mental health, education, medical programs, and other disaster relief activities in China.
Insider Monkey reviews Chinese billionaire Chen Tianqiao’s top 10 stock picks: Chinese billionaire Chen Tianqiao took advantage of the pandemic supported the rally in the tech stocks. PayPal stock price rallied 14% since the beginning of this year. The world’s largest e-commerce platform Amazon.com represents 8.25% of the Shanda Asset Management’s portfolio at the end of the December quarter. Shanda Asset Management has been enjoying the strong bull run in the e-commerce platform Wayfair Inc. Shanda Asset Management first initiated a position in Uber Technologies at the end of 2019 and raised its position by 100% in the December quarter of 2020. For more details on Chen Tianqiao’s stock picks, click Chinese Billionaire Chen Tianqiao’s Top 10 Stock Picks.
