Temasek cuts losses in Chinese education firms, trims Alibaba, Didi stakes

Aaronn Sittig

3 years ago

Temasek cuts losses in Chinese education firms, trims Alibaba, Didi stakes

Temasek Holdings cut its losses on Chinese education and technology stocks while trimming its stakes in Alibaba Group Holding and Didi Global in the third quarter, after walking into a regulatory minefield and a global sell-off.The Singapore state investment arm sold all its American depositary shares in Kanzhun, TAL Education, New Oriental Education Technology, after building up positions in them in the second quarter, according to its 13F filing with the Securities and Exchange Commission…

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