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Temasek diversifies China bets into tech, consumer sectors

Published Fri, Aug 15, 2014 · 10:00 PM
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Singapore

TEMASEK Holdings purchased US-listed stocks in Chinese technology and consumer firms in the second quarter as it diversifies away from bank holdings in Asia's biggest economy.

Temasek, directly or through its units, bought 602,139 American depositary receipts of China's second-largest e-commerce site JD.com Inc with a market value of US$17.2 million, according to a filing with the US Securities and Exchange Commission on Thursday.

It also purchased a net 603,764 ADRs in security software maker Cheetah Mobile Inc, val…

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