Henry Ren

London

I cover tech, media and telecom stocks and Chinese markets @business. Alum of @Tsinghua_uni + @MedillSchool. Proud Shanghai native.

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Articles

London Faces More Setbacks in a Grueling Fight for Listings (1)

3 weeks ago | news.bloomberglaw.com | Pablo Mayo Cerqueiro |Lisa Pham |Henry Ren

London’s bid to revive its shrinking stock market has faced a series of setbacks in recent weeks, with companies shifting listings and IPO plans from the market. Money transfer company Wise Plc unveiled a plan on Thursday morning to move its primary listing to the US, just after Cobalt Holdings Plc gave up on its plans to raise about $230 million in an initial public offering the evening before it was due to start trading.
London Faces More Setbacks in a Grueling Fight for Listings (1)

3 weeks ago | news.bloombergtax.com | Pablo Mayo Cerqueiro |Lisa Pham |Henry Ren

London’s bid to revive its shrinking stock market has faced a series of setbacks in recent weeks, with companies shifting listings and IPO plans from the market. Money transfer company Wise Plc unveiled a plan on Thursday morning to move its primary listing to the US, just after Cobalt Holdings Plc gave up on its plans to raise about $230 million in an initial public offering the evening before it was due to start trading.
London Faces More Setbacks in a Grueling Fight for Listings

3 weeks ago | bloomberg.com | Pablo Mayo Cerqueiro |Lisa Pham |Henry Ren

Stock price information at the London Stock Exchange. (Bloomberg) -- London’s bid to revive its shrinking stock market has faced a series of setbacks in recent weeks, with companies shifting listings and IPO plans from the market. Money transfer company Wise Plc unveiled a plan on Thursday morning to move its primary listing to the US, just after Cobalt Holdings Plc gave up on its plans to raise about $230 million in an initial public offering the evening before it was due to start trading.
NetEase shares near record high as China’s Gen Z embraces games

4 weeks ago | fortune.com | Henry Ren |Sangmi Cha

NetEase Inc. shares are closing in on their first new all-time high in over four years, as a wave of youthful consumerism adds to a host of positives for China’s game stocks. Hong Kong-listed shares of the company behind hits like Eggy Party are now less than 3% away from their 2021 record. The stock ranks among the top gainers this year on indexes of Chinese tech and global game companies. Chinese gamemakers are benefiting as younger consumers snap up creature comforts in a slowing economy.
NetEase Shares Near Record High as China’s Gen Z Embraces Games

4 weeks ago | news.bloombergtax.com | Henry Ren |Sangmi Cha

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
NetEase Shares Near Record High as China’s Gen Z Embraces Games

4 weeks ago | bloomberg.com | Henry Ren |Sangmi Cha

Attendees play the For All Time mobile game on smartphones in the NetEase Games booth at the Tokyo Game Show in Chiba, Japan, on Thursday, Sept. 21, 2023. The show runs through to Sept. 24. Photographer: Kiyoshi Ota/Bloomberg(Bloomberg) -- NetEase Inc. shares are closing in on their first new all-time high in over four years, as a wave of youthful consumerism adds to a host of positives for China’s game stocks.
First Eagle’s $59 Billion Fund Rides Rally With Stocks and Gold

1 month ago | news.bloomberglaw.com | Henry Ren

First Eagle Investments’ $59 billion global fund maneuvered through April’s plunging markets by selling gold and using the proceeds to buy freshly discounted stocks. The rebalancing trade helped the portfolio ride the rebound in equities and boosting its returns to almost 10% this year, giving it elite status among similar funds this year. Matthew McLennan of the First Eagle Global Fund is still bullish on gold, but trimmed the position to prevent the fund from becoming overly concentrated.
Top-performing Orbis fund doubles holdings in Japanese stocks

1 month ago | japantimes.co.jp | Henry Ren |Margaryta Kirakosian

A top-performing global equity fund has more than doubled its exposure to Japan this year, making the move just as a strengthening yen boosts the outlook for domestic companies. Japanese stocks made up 24% of the $3 billion Orbis International Equity fund as of end-April, up from just 10% four months earlier. The fund focuses on non-U.S. stocks and beat 99% of peers so far this year with a 16% return, according to data compiled by Bloomberg.
Top-Performing Orbis Fund Doubles Holdings in Japanese Stocks

1 month ago | bloomberg.com | Henry Ren |Margaryta Kirakosian

(Bloomberg) -- A top-performing global equity fund has more than doubled its exposure to Japan this year, making the move just as a strengthening yen boosts the outlook for domestic companies. Japanese stocks made up 24% of the $3 billion Orbis International Equity fund as of end-April, up from just 10% four months earlier. The fund focuses on non-US stocks and beat 99% of peers so far this year with a 16% return, according to data compiled by Bloomberg.
Outlooks for chip-industry giants to reveal depth of tariff pain, AI concerns

2 months ago | financialpost.com | Henry Ren |Charlotte Yang

Advertisement 1Chipmaker TSMC is down 18% this year and chip-equipment maker ASML has fallen 12%Article contentEarnings from two chip-industry giants this week are poised to provide an early insight into issues that have punctured investor confidence and sent valuations to multiyear lows. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.