Moving away from banks: Temasek injects US$30m into two tech firms

The Chinese companies are backed by Mainland millionaires.

Sovereign investor Temasek holdings has raised its stake in two Chinese technology firms, in a move to diversify away from bank assets in the Mainland.

According to a report by Bloomberg, Temasek has bought 602,139 American depositary receipts (ADRs) of JD.com Inc., China’s second-largest e-commerce site. It has a market value of $17.2 million.

The investor also purchased a total 603,764 ADRs in Cheetah Mobile Inc., a security software maker. These ADRs are valued at $12.8 million.

Read the article in full here.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia