Singapore's Temasek says its stake in Alibaba remains intact

Singapore's Temasek says its stake in Alibaba remains intact

A Temasek Holdings Pte employee walks past the company's signage in their office in Singapore. Photographer: Munshi Ahmed/Bloomberg

Singapore state investor Temasek Holdings Pte has clarified that it has not sold 50 per cent of its stake in Alibaba Group Holding in the second quarter, maintaining that its stake in China’s biggest online retailer remains the same.

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