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Nov. 4, 2022, 8:26 a.m.
Xi Jinping's reelection has made Tiger Global more nervous about doing business in China
Xi Jinping's reelection has made Tiger Global more nervous about doing business in China
['Global', 'Tiger', 'China', 'Chinese', 'already']

The American investment firm is pausing investment in Chinese equities.

Xi Jinping's reelection has made Tiger Global more nervous about doing business in China

Even Tiger Global is nervous about where China is headed. Tiger Global's portfolio in China has shrunk from the mid-teens to mid-single digits, Bloomberg reported, citing people familiar with the matter. Tiger Global, by the digits $5 billion: net profit Tiger Global has earned on its 2009 $200 million investment in JD. Com-China's largest retailer. 8.6 billion: American depository receipts of Chinese firms held by Tiger Global on Mar. 31. 36: Tiger Global's investments in closely held companies based in China or Hong Kong, according to PitchBook data. If not China, then where will Tiger Global invest? Overall, the investing giant is planning to write fewer cheques for some time. Tiger Global is roaring back to life in India.

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