Chen Tianqiao is the founder and CEO of Shanda Asset Management, a financial services organization. In the business world, he was one of China’s rising stars. In 2014, the millionaire sold his interest in Shanda Group and focused on investments. Shanda Asset Management’s portfolio is spread over eight sectors, with the Consumer Discretionary sector accounting for 39.2 percent of the fund’s total assets. The fund enjoys taking advantage of market volatility by buying equities on the cheap and selling them when they reach their fair worth.
Insider Monkey looks at the 10 tech stocks Chinese billionaire Chen Tianqiao loves. Facebook, Inc. posted an EPS of $3.61 in the second quarter of 2021, exceeding estimates by $0.58. Shanda Asset Management owns 32,500 shares of Facebook for a total value of $11.3 million. On the list of the 10 tech stocks that Chinese billionaire Chen Tianqiao likes, Salesforce.com is ranked ninth. 108 hedge funds owned $11.7 billion in Salesforce.com, Inc. at the end of the second quarter of 2021. On our list of the 10 tech stocks that Chinese billionaire Chen Tianqiao likes, the tech company is ranked eighth. According to Insider Monkey’s database, 86 hedge funds out of 873 tracked had a stake in NVIDIA Corporation worth $9.09 billion. Zoom Video Communications, Inc. is ranked seventh among Chinese billionaire Chen Tianqiao’s top ten tech stocks. Teleconferencing, telecommuting, and social contacts are all possible with the company’s videotelephony technology and online chat services. On August 4, Uber Technologies, Inc. announced its second-quarter earnings report for 2021. The company has a market valuation of $84.42 billion and is placed sixth among Chinese billionaire Chen Tianqiao’s top ten tech firms. For more details, click 10 Tech Stocks Chinese Billionaire Chen Tianqiao Loves.
