Temasek cut Alibaba stake in fourth quarter after shares gained

A staff member is reflected in a Temasek Holdings logo at their headquarters before the presentation of Temasek's annual review in Singapore in this September 17, 2009 file photo. Temasek is willing to give Standard Chartered time to work on its turnaround before deciding on the fate of its underperforming $4 billion stake in the UK bank as part of a portfolio reshuffle, people familiar with the matter said. REUTERS/Vivek Prakash/Files

"Temasek is continuing its bet on technology and health care, which is part of their broader investment strategy,” said Enrico Soddu, an analyst at Institutional Investor’s Sovereign Wealth Center in London.