Didi Chuxing, Ant Group backer Temasek remains ‘bullish’ on China as Beijing cracks down on tech sector


Source: scmp.com scmp.com

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Singapore sovereign wealth fund Temasek Holdings – an early backer of Ant Group and ride-hailing giant Didi Chuxing – remains “bullish” on investing in China even as Beijing cracks down on the country’s high-flying technology sector. China accounted for the largest part of the investor’s portfolio in the financial year ended in March, or about 27 per cent of its underlying assets, and executives said it will remain an important destination for investments in the future. Temasek’s net portfolio value hit a record S$381 billion (US$283 billion) in the 2021 financial year. “[Regulation is] one of many risks in any...