Temasek pares Alibaba stake during share price's rally in Q4
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Singapore
TEMASEK Holdings Pte Ltd cut its stake in Alibaba Group Holding Ltd in the fourth quarter as the biggest Chinese e-commerce company's shares rallied.
The Singapore investment firm sold 548,769 American depositary receipts (ADRs) in Alibaba, leaving it with 47.5 million, according to a filing with the US Securities and Exchange Commission (SEC) on Tuesday. The value of the holding increased by US$1.03 billion as the shares gained 38 per cent in the period.
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