A man walks past the Temasek signboard outside its head office in Singapore. Photo: AFP
Alibaba’s key backer Temasek trims stake, adds rivals JD.com and Pinduoduo in portfolio tweak
- Singapore’s state investment firm trimmed Alibaba stake by US$361 million last quarter, bought more shares in Pinduoduo and created a new position in JD.com
- Outside China, Temasek added shares of the stock-trading platform Robinhood, while selling down Uber Technologies and Coinbase Global
A man walks past the Temasek signboard outside its head office in Singapore. Photo: AFP
