Temasek picks stake in Alibaba & McDonald’s

Temasek picks stake in Alibaba & McDonald’s

Singapore’s state investment firm Temasek Holdings Pte has picked up a 1.03% stake in China’s Alibaba Group Holdings (BABA) post the latter’s record listing in September, and has also bought a stake in McDonald’s Corp adding the fast food chain to its portfolio, a Bloomberg report said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter