Temasek sells Chinese technology stocks, reduces Alibaba and Didi, clears the future, New Oriental

$Alibaba (BABA.US)$ $DiDi Global (Delisted) (DIDI.US)$ $Temasek Holdings (BK2536)$ $New Oriental (EDU.US)$ According to the 13F document for the third quarter, Temasek cut its stake in Alibaba (BABA.N) by 16% and its stake in Didi (DIDI.N) by 11%. The company also cleared the holdings of Baidu (BIDU.O), Good Future (TAL.N), New Oriental (EDU.N) and Boss Direct Employment (BZ.N). Temasek, which manages 381 billion Singapore dollars (282 billion US dollars) of assets, told Bloomberg in September that it would suspend further investment in China's Internet platforms, and wait for the impact of regulatory actions to become clearer. Bloomberg's analysis of Temasek's declaration documents shows that the market value of the positions disclosed by the government investment company fell by 4.5% to US$28.1 billion in the third quarter. During the same period, the S&P 500 index rose 8.2%.

Article excerpted from the US Stock Research Agency