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The person who as soon as was Singapore’s richest particular person has had one of many world’s greatest wealth plunges.Forrest Li, the chairman and chief govt officer of Sea Ltd, has misplaced virtually US$11 billion of his fortune because the American depositary receipts of the corporate peaked on October 19, in accordance with the Bloomberg Billionaires Index. After rising competitors and a wider revenue loss, the newest blow got here on Tuesday, when Tencent Holdings Ltd lower its stake within the gaming and e-commerce large, driving…
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