Tag Archives: Prime Capital Management Co

Investor concerns arise over 500.com operating viability

SBC News Investor concerns arise over 500.com operating viability

Further investor concerns have arisen over Chinese sports lottery provider 500.com’s operating viability. Bloomberg News reported that hedge fund Prime Capital Management Co. had scaled back its investment in the Chinese operator from $93m to $27 million. Prime Capital Co. controlled by Chinese investor Liu Yijun has shrunk its stake in 500.com’s Wall Street traded shares to less than 5%, …

Read More »