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Fosun International Thinks Perfect World Is Perfect

Fosun International: Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) has recently been added to the equity portfolio of Fosun International Limited. The fund owns 27.7 million shares, which represents almost 11.4% of the company, according to a 13G filing with the Securities and Exchange Commission. At the current price of PerfectWorld’s stock, the position has a value of $554.4 million.

Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD)

The China-based online game developer Perfect World increased its net revenues to $115.4 million in the previous quarter, from around $110 million for the same period of last year. The net income of the company declined to $13.2 million, versus $25 million disclosed for the second quarter of 2012.

Fosun International Limtited is company with a focus on industrial operations, investment, asset management, and insurance. In the hedge fund world, several managers hold shares of Perfect World Co, according to Insider Monkey’s database of 13F filings. A major stake is held by Jim Simons’ Renaissance Technologies, and it is followed by Sureview Capital, managed by John Wu.

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Disclosure: none