Temasek diversifies China bets into tech, consumer sectors
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Digital Core Reit Q1 distributable income slips 2.4% to US$10.6 million
BT subscribers can now share 5 premium articles a month with unlimited number of non-subscribers
First Reit reports 3.2% lower Q1 DPU of S$0.006 amid interest rate, forex headwinds
Vietnam holds first gold auction in 11 years to stabilise market
How Hudson Yards went from ghost town to office success story