Temasek Pares Stake In China’s Alibaba, Adds JD.Com

Singapore’s Temasek Holdings Pte pared its holdings in Alibaba Group Holding Ltd. in the fourth quarter, according to a filing with the U.S. Securities and Exchange Commission.

The Singaporean state-owned investment firm sold 548,769 American Depositary Receipts (ADR) of Alibaba, cutting its shareholding to 47.5 million.

The value of Temasek’s Alibaba holding increased by US$1.03 billion to US$3.86 billion during the period, as the Chinese Internet giant’s shares gained 38% in the period.

At the same time, Temasek bought shares of other Chinese Internet companies, including 6.1 million ADRs in JD.com Inc. and 8.2 million ADRs in Chinese online travel company Tuniu Corp.

Temasek first invested in Alibaba in the fiscal year ended March 2011, buying US$36 million of the company’s China registered shares.