A testament to the new normal, shares of quarantine staples like Amazon and Netflix reached record highs this week, lifting the fortunes of their billionaire founders.
, the founder and CEO of online discount retailer Pinduoduo, is now worth $21.4 billion after a $2.1 billion bump. Shares of his Shanghai-based e-commerce platform climbed 10% over the week and are back near their record high from November. The firm's stock has steadily risen since it announced on March 31 it had raised $1.1 billion in a private placement to continue its expansion, despite below-expected revenue growth and expected losses due to the coronavirus outbreak....
of Nasdaq-listed internet and gaming company NetEase added $2 billion to his fortune while gaming firms worldwide rally thanks to more people staying at home with free time to burn. NetEase's stock surged 11% over the past week, lifting Ding’s net worth to $22.4 billion.
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