Temasek cuts losses in Chinese education stocks, trims Alibaba and Didi Global stakes after missteps, US filing shows

[HeMan]

• Singapore investment firm exited from Kanzhun, TAL Education and New Oriental after stepping into a minefield just before sector crackdown
• Firm also exited Baidu, and trimmed positions in Alibaba Group and Didi Global, according to SEC filing

https://www.scmp.com/business/marke...es-chinese-education-stocks-trims-alibaba-and

 

[laksaboy]

You think that's bad? More to come.

Those Temasek jiakliaobees and Sinkie Chinese business association types need to learn to see China as a Greater North Korea, instead of a land filled with opportunities to make money. Shift your mentality quickly, or get burnt even more.

 

[laksaboy]

Any Temasek investments into China's gaming industry?

https://www.notebookcheck.net/Fortn...gulations-of-the-games-industry.579317.0.html

Fortnite quits China as the Chinese government tightens regulations of the games industry​

Chinese servers of the popular game Fortnite stopped working on November 15 after the game failed to get approval from the Chinese government. This marks the end of Fortnite's three-year limited trial run in the country. Fortnite's failure to get approval is a byproduct of the Chinese government's tightened regulations of the games industry.

 

[Patriotmissile]

Did those jlbs at TH cut their salaries or bonuses?

 

[borom]

The fundamental has to change, meaning the political party and the present bunch of incompetents has to be voted out ,otherwise you will see more billions being lost without any accountability.
If people keep on voting for a party that gives out chicken wings and ask for a whole chicken in return , your guess is as good as mine

 

[syed putra]

Xi jinping making money by shorting these stocks.
Other investors are fleeing a irrational market.
Anyway USD value may plummet and with that comes inflation i think as money seek commodities yo buffer. Maybe xi jinping has stopped buying USD bonds.

 

[mojito]

Thank goodness we cut our losses. With out Madam Ho, this would not have happened.

 

[LordElrond]

Thank goodness we cut our losses. With out Madam Ho, this would not have happened.

Ho Jinx can now channel all our cpf monies into Pfizer

 

[Patriotmissile]

Mdm HO Jinx taichi master takes backbench to continue to draw salary for assloon while her incumbents take the shit.

 

[JohnTan]

I think Temasek should be more patient. I've bought some shares in Didi and Alibaba.

 

[red amoeba]

appointing an ah neh to lead investments, you can do no worse than that.
now then they halt China investment? Kinda late aren't they? As always, late to arrive and late to leave.

 

[Qantas]

appointing an ah neh to lead investments, you can do no worse than that.
now then they halt China investment? Kinda late aren't they? As always, late to arrive and late to leave.

They are refocussing their priorities to Yindia. Be prepared for more losses to our Cpf money

 

[gingerlyn]

中工土匪

 

[gingerlyn]

That is how China cheats Singapore money and yet many people such as @tanwahtiu continue to receive 50cent from China communist bandits . 中国都不是好东西

 

[Confuseous]

Thank goodness we cut our losses. With out Madam Ho, this would not have happened.

Thank goodness for the announcement. She cut loss, so time for us to buy.
Huat ah!

 

[cocobobo]

India's biggest IPO.. lets guess if Temasek got buy

https://www.reuters.com/world/india/indias-paytm-set-trading-debut-after-25-bln-ipo-2021-11-18/

MUMBAI, Nov 18 (Reuters) - Indian digital payments firm Paytm (PAYT.NS) tumbled 25% on its maiden day of trade on Thursday, with investors questioning its lack of profits and the lofty valuations it gained in the country's largest-ever IPO.

Despite fears that Paytm's market debut might be less than stellar, its steep plunge was astonishing, as shares changed hands at 1,614 rupees in afternoon trade versus the offer price of 2,150 rupees, valuing the firm at about $14.2 billion.