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Prosus Falls by Record as Tencent Slumps on China Gaming Curbs

(Bloomberg) -- China’s raft of new measures limiting players’ spending on video games sent ripples through stock markets across the globe on Friday.Most Read from BloombergHyperloop One to Shut Down After Failing to Reinvent TransitTencent Leads $80 Billion Rout as China Rekindles Crackdown FearHarvard Financial Pain Grows as Blavatnik Joins Donor RevoltVilified Zero-Day Options Blamed by Traders for S&P DeclineGiuliani Files for Bankruptcy After $148 Million Defamation LossPr...
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Tencent's Profit Beat Soothes Fears of China Downturn Fallout

(Bloomberg) -- Tencent Holdings Ltd.’s earnings beat estimates after online advertising rebounded, a sign that Chinese consumers are turning to social media and games despite a nationwide downturn.Most Read from BloombergRolex, Patek Prices Hit Fresh Two-Year Lows: Subdial IndexThailand Takes $28 Billion Malacca Strait Bypass Plan to USUS Frustration With Israel Grows as Gaza Civilian Deaths MountS&P 500 Up 2% as Bets ‘Fed Is Done’ Sink US Yields: Markets WrapIsrael Lat...
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Byju's Hid $533 Million in Hedge Fund Once Run From Miami IHOP, Lenders Allege

(Bloomberg) -- One of India’s hottest tech companies, Byju’s, allegedly hid $533 million in an obscure three-year-old hedge fund that once said its principal place of business was an IHOP pancake restaurant in Miami, according to lenders trying to recover the cash.Most Read from BloombergLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticApple’s iPhone 15 Debut Includes Higher Price on Top ModelApple iPhone 15 Event Will Tout Enhanced Camera, Titanium FinishBP C...
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Byju's hid $533 million in hedge fund once run from Miami IHOP, lenders allege

Byjuโ€™s last year transferred more than half a billion dollars to Camshaft Capital Fund, the investment firm founded by William C. Morton when he was just 23 years old, some Byjuโ€™s lenders claim in a lawsuit. Mortonโ€™s fund received the money despite an apparent lack of formal training in investing, according to the lenders.
United States Little Havana Virgin Islands Silver Lake David Massey Lionel Messi

byjus: Byju's hid $533 million in hedge fund once run from Miami IHOP, lenders allege

Indian ed-tech company Byjus has been accused of hiding $533 million in a hedge fund founded by William C. Morton, who allegedly had no formal training in investing. The fund, Camshaft Capital Fund, listed its principal business address as an IHOP pancake restaurant in Miami, according to court papers.
Virgin Islands Little Havana United States Uttar Pradesh Silver Lake David Massey

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