Temasek cuts Alibaba stake, increases holdings in Gilead Sciences

Singapore state fund Temasek Holdings Pte sold 7.3 million shares in Alibaba Group Holding Ltd in the fourth quarter of the year, after shares of the Chinese e-commerce giant rallied. The fund also decreased its stake in fertilizer manufacturer Mosaic Co while increasing investment in the global pharmaceuticals maker Gilead Sciences Inc, a report said.

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