Tag Archives: Sea Ltd

Southeast Asia start-ups lay off workers amid economic uncertainty

4 days ago Techno Comments Off on Southeast Asia start-ups lay off workers amid economic uncertainty

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 …

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Tiger Global drops 14% in May during the tech sell-off, pushing hedge fund’s 2022 losses to over 50%

4 weeks ago Techno Comments Off on Tiger Global drops 14% in May during the tech sell-off, pushing hedge fund’s 2022 losses to over 50%

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 50%, a source familiar with the return told CNBC’s David Faber. …

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Didi shares drop after Tencent said it did not buy new shares

February 11, 2022 Techno Comments Off on Didi shares drop after Tencent said it did not buy new shares

Budrul Chukrut | LightRocket | Getty Images Shares of Chinese ride-hailing firm Didi fell in pre-market trade in the U.S. 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 …

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