Temasek is going to lose even more going forward on those tuition centres which they had invested in China as the authorities there are clamping down hard on these establishments.Also, more like anything that cuts into their income opportunities.
Temasek jumps into China’s bike-rental startup war with investment in Mobike (2017)
https://techcrunch.com/2017/02/20/t...rental-startup-war-with-investment-in-mobike/
Wheel woes: The rise and fall of Singapore's bike-sharing industry (2019)
https://www.channelnewsasia.com/new...and-fall-of-singapore-s-bike-sharing-11336200