The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Temasek faces potential loss of hundred of millions from its investment into Chinese tech companies as China bans for-profit-tutoring – The Online Citizen Asia

News Snapshot:

Singapore’s sovereign wealth fund Temasek Holdings poured millions into several Chinese technology platforms and disclosed its stake in ride-hailing service Didi Global, ahead of a collapse in some Chinese stocks in July. Temasek’s 13F filing with the US Securities and Exchange Commission (SEC) on Monday (16 Aug) stated that it has initiated four new positions in the depositary shares of Chinese companies — 17 Education & Technology, Baidu, Kanzhun, and New Oriental Education Technology — in the second quarter and has disclosed a US$466 million stake in Didi Global. South China Morning Post reported that Temasek’s 13F filing outlined 99…

Other China Tech Buzz: