This gaming billionaire’s wealth plunge accelerates to $10 billion after Tencent sale

The latest blow for Sea Ltd. CEO Forrest Li came on Tuesday, when China’s Tencent cut its stake in his company and drive the stock to its worst slump in almost two years.Tencent said Tuesday it is cutting its Sea stake to 18.7% from 21.3%, with its voting rights decreasing to under 10%