One of China’s richest men, Mr. Chen Tianqiao heads up Shanda Asset Management. As the founder of an online gaming company, he now makes his home in California, where his investment firm also has its roots. Listed in 2004, this company became the first Chinese online gaming company to be publicly traded on the American stock market. Singapore-based Shanda Entertainment’s billionaire co-founder relocated to the United States in 2017. As a pioneer in China’s online gaming industry, he deserves a lot of credit. Over the last year, his fortune has plummeted by more than half, from a high of $4 billion in 2017.
Here is Insider Monkey’s list of the 9 latest stock picks of Chinese billionaire Chen Tianqiao’s Shanda Asset Management. NVTA is the stock symbol for an American company called Invitae Corporation, which specializes in providing medical professionals and patients with access to genetic testing results. Catherine D. Wood’s ARK Investment Management owns 25 million shares worth $736 million, making it the company’s largest shareholder. With a GAAP EPS of -2 cents and cash on hand of $796 million, Archer Aviation Inc. ended the third quarter of its fiscal year with a $1.1 million capital expenditure. An Overweight rating and $14 price target were issued by Cantor Fitzgerald in November 2021. Lilium N.V. is developing a vertical takeoff and landing electric aircraft. Oppenheimer set a $24 price target on the company because of the technology’s performance and safety advantages and the regulatory progress made. Third-quarter revenue totaled $286 million and non-GAAP EPS was -$0.06 for Unity Software Inc. In mid-November 2021, the company offered $1.5 billion in debt to potential investors. For more details, click the 9 Latest Stock Picks Of Chinese Billionaire Chen Tianqiao’s Shanda Asset Management.
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