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Temasek Holdings says it remains 'significantly invested' in Alibaba

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Published Tue, Nov 15, 2016 · 09:50 PM

    Singapore

    TEMASEK Holdings Pte, which pared its stake in Alibaba Group Holding Ltd in the third quarter as the stock rallied, said that China's biggest online retailer remains an essential part of its portfolio.

    The Singapore investment company sold 14.5 million American depositary receipts (ADRs), leaving it with 39.6 million at the end of September, valued at US$4.2 billion, according to a filing with the US Securities and Exchange Commission (SEC) on Monday.

    AlibabaJack Ma

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