Major investor: Employees play table tennis inside the headquarters office of Alibaba on the outskirts of Hangzhou, Zhejiang province. Alibaba is now the second largest holding in Temasek’s US stocks portfolio, comprising 25. — Reuters
SINGAPORE: Temasek Holdings Pte Ltd pared its investment in Alibaba Group Holding Ltd for a second consecutive quarter while emerging as a shareholder of oil and gas producer Antero Resources Corp.
The Singapore state-owned firm sold 4.1 million American depository receipts (ADRs) in the Jack Ma-run company, leaving it with 35.5 million at the end of December, according to a filing with the US Securities and Exchange Commission (SEC). Alibaba is now the second largest holding in Temasek’s US stocks portfolio, comprising 25%.
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