Temasek cuts Alibaba stake, buys Antero Resources shares
Singapore
TEMASEK Holdings pared its investment in Alibaba Group Holding Ltd for a second consecutive quarter while emerging as a shareholder of oil and gas producer Antero Resources Corp.
The Singapore state-owned firm sold 4.1 million American depository receipts in the Jack Ma-run company, leaving it with 35.5 million at the end of December, according to a filing with the US Securities and Exchange Commission on Tuesday. Alibaba is now the second largest holding in Temasek's US stocks portfolio, comprising 25 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
K-Pop agency Hybe’s internal strife wipes out 1.2 trillion won
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
Hong Kong bourse regains favour on hopes of a market revival
Chinese sellers go to TikTok school to reach buyers abroad
Gold prices set for weekly decline ahead of US inflation data
Huawei’s new phone sports latest version of made-in-China chip