Temasek picks stake in Alibaba & McDonald’s

By Team DealStreetAsia

November 16, 2014

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.

The report was based on Temasek’s filings with the U.S. Securities and Exchange Commission and adds that the Singapore investment firm was the largest listed shareholder in Alibaba.

It further adds that Temasek also bought 0.9 million shares in U.S. consumer lender Synchrony Financial, as well as 2.5 million shares in US-based outsourcing company Congizant Technology Solutions Corp.

Temasek’s history with Alibaba extends to its pre-IPO days and the fund had said it had invested $50 million in the Chinese interent giant in 2011, and it was also part of a consortium that bought out $1.6 bilion stock from Alibaba employees, in addition to being among buyers when  Alibaba bought back shares from Yahoo! Inc. in 2012 for $7.6 billion and sold them partly to existing shareholders, the Bloomberg report added.

Read the Bloomberg report [here]

Image:Freedigitalphotos.net

Singapore Reporter/s

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
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