Temasek Pares Stake In China’s Alibaba, Adds JD.Com

Singapore's Temasek Holdings Pte pared its holdings in Alibaba Group Holding Ltd. in the fourth quarter, according to a filing with the U.S. Securities and Exchange Commission. The Singaporean state-owned investment firm sold 548,769 American Depositary Receipts (ADR) of Alibaba, cutting its shareholding to 47.5 million. The value of Temasek's Alibaba holding increased by US$1.03 […]

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Read the original article: China Money Network