The firm is an investor in Chinese financial services company Ant Group, founded by Jack Ma. The company had been subjected to hundreds of millions of dollars in fines.
SINGAPORE: State-owned investment firm Temasek saw its worst returns since 2016 amid global economic and political difficulties. Temasek posted a
Temasek Chief Investment Officer Rohit Sipahimalani is quoted in CNBC as saying, “We have a predominantly equities portfolio, so we can’t be immune to movements in the market.” The firm is among the top ten investors around the globe, and has 63 per cent exposure in Asia, the majority of which is in Singapore and China. It holds stakes in DBS Group and China Construction Bank, among other large companies listed in Asia.
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What people are saying about Ant Group's $984 million fine and share buybackChina's Ant Group has announced a surprise share buyback that values the fintech giant at $78.5 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a move that may let some investors exit.The announcement came after China's financial regulator on Friday fined the Alibaba Group affi
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What people are saying about Ant Group's US$984 million fine and share buybackChina's Ant Group has announced a surprise share buyback that values the fintech giant at US$78.5 billion, well below the US$315 billion touted in an abandoned IPO in 2020, in a move that may let some investors exit. The announcement came after China's financial regulator on Friday (Jul 7)
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BLACKPINK receives backlash from Chinese fanbase for calling them ‘Macanese’ instead of ‘Chinese’ - Singapore NewsMany believed that the K-Pop group intentionally avoided using the term ‘Chinese’. The fans deemed that not including Macau as part of China was disrespectful toward the country and its fans.
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Explainer-What's next for Ant after its nearly $1 billion fine?BEIJING : The announcement of a nearly $1 billion fine by Chinese regulators on Ant Group has drawn a line under the fintech giant's woes and given hope to investors that a regulatory crackdown on China's broader technology sector is over.Ant's story so far has been one of a dramatic reversal in fortunes:
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Chinese women economists who met Yellen called traitors onlineThe criticism mostly targeted two women who posted about their experience on social media. Read more at straitstimes.com.
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Chinese tourists to Hong Kong, Macao look for more culturally immersive experiencesMainland Chinese visitors made up nearly 9 million visitor arrivals to both destinations in the first quarter this year.
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