Southeast Asia’s tech companies are laying off workers as they brace themselves for a tougher fundraising environment. Guilliermo Perales Gonzalez | E + | Getty Images Hundreds of workers from start-ups in Southeast Asia have been fired in the last few months, proving that the fast-growing industry is not immune to the global economic slowdown. … Read more
Chase Coleman, founder of Tiger Global Management LLC Amanda L. Gordon | Bloomberg | Getty Images Chase Coleman’s Tiger Global Management suffered huge losses in May amid a tech-driven sell-off, making the hedge fund’s tough 2022 even worse. The growth-focused flagship fund at Tiger Global tumbled 14.3% in May, bringing its 2022 losses to over … Read more
Singapore, Singapore – 2021: A large Shopee logo at the entrance to the e-commerce platform’s headquarters at Science Park. (Exact photography date unknown due to incorrect camera settings) Kokkai | Istock Unreleased | Getty Images Shares of Southeast Asia’s e-commerce and gaming firm Sea Group popped up after its first-quarter revenue beat analysts’ expectations on … Read more
Chase Coleman is having a rough year. His hedge fund, Tiger Global, added to a number of tech holdings, including Snowflake, Carvana and Sea, in the first quarter before the sell-off got even uglier, according to a regulatory filing. Coleman’s growth-focused flagship fund at Tiger Global tumbled 15% in April, pushing its 2022 rout to … Read more
The stock market is going through a period of uncertainty and volatility, but some sectors could benefit from that. Timothy A. Clary | AFP | Getty Images (Click here to subscribe to the Delivering Alpha newsletter.) A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street … Read more
Analysts from JPMorgan, Credit Suisse and more name the "cheap" stocks to buy right now.
Here are the biggest calls on Wall Street on
Baillie Gifford’s Roderick Snell said the stock was a casualty of the sell-off, arguing the decline had nothing to do with business fundamentals.
Budrul Chukrut | LightRocket | Getty Images Shares of Chinese ride-hailing firm Didi fell in pre-market trade in the US Friday after Tencent clarified that it did not increase its stake in the company. A regulatory filing on Thursday appeared to show that Tencent added around 1.78 million Didi Class A Ordinary shares at the … Read more
Budrul Chukrut | LightRocket | Getty Images Chinese internet giant Tencent has increased its stake in ride-hailing firm Didi, sending the shares of the US-listed company up more than 8% on Wednesday. However, shares of Didi were down around 5% in pre-market trade on Thursday. Tencent added about 1.78 million Class A Ordinary shares at … Read more