Singapore state-owned investment firm Temasek has increased its stake in US-based Amazon and China-based Pinduoduo, reported Reuters, citing a securities filing.
The investment firm boosted its holding in the two firms by over 15%. It first revealed its purchase of Amazon shares in 2017 and 0f Pinduoduo shares in 2020.
The report added that Temasek also bought stakes in Nvidia, S&P Global, and 1Life Healthcare. The Singapore-based firm earlier trimmed its interests in Airbnb and Lumen Technologies.
Temasek also recently bought shares in Grab and Robinhood Markets.
See also: These are the most active investors in Singapore’s startups
Editing by Miguel Cordon and Lorenzo Kyle Subido
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
