Temasek Increases Stake in Amazon, Pinduoduo

The investment firm first disclosed a stake in Amazon and Pinduduo during 2017 and 2020 respectively


Teckwai Saw

18 May, 2022

Temasek Increases Stake in Amazon, Pinduoduo | BEAMSTART News

Singapore state-owned global investment company, Temasek has increased its stake in US-based e-commerce giant, Amazon.com and China-based agriculture-focused technology platform, Pinduoduo.

According to a securities filing released on 16 May, Temasek boosted its stake by more than 15%.

It was reported that the investment company first disclosed its purchase of Amazon shares in 2017 and Pinduoduo shares in 2020.

Temasek, one of the largest investors in the world, is known for its major investments in Singapore Airlines and DBS Group.

Community Q&A

The report mentioned that Temasek's recent added portfolios include Grab, Robinhood Markets, Nvidia, S&P Global, and 1Life Healthcare during the quarter.

However, the filing showed that the company has sold all of its shares in chip manufacturer, Intel as well as Draftkings just months after purchasing a stake in the sports betting company.

The investment firm also cut its stake in home rental company, Airbnb and US-based telecommunications firm Lumen Technologies.

Already a member?

Sign in to read this article & enjoy the following:

  • Access to members-onnly content, events, and more
  • Connect with a global community of CEOs, Business Owners, and more.
  • Free Business Feature & Profile Listing
  • Post Unlimited Jobs & Hire Talent Effectively
  • Connect with Investors and Fundraise
  • Search through entire members, companies, and investors directory
  • and lots more!

Latest Jobs

Product Engineer

Seal

England,

Full Time

USD 40000 — USD 80000 yearly

Product Operations Lead

SnapMagic

California,

Full Time

USD 170000 — USD 190000 yearly

Senior Software Engineer

Method Financial

New York,

Full Time

USD 185000 — USD 225000 yearly

Staff Front End Web Engineer (React/Typescript)

Vori

California,

Full Time

USD 200000 — USD 235000 yearly

Design Engineer, iOS (React Native)

Slash

California,

Full Time

USD 175000 — USD 250000 yearly

AI Operations Specialist

Greenlite

California,

Full Time

USD 90000 — USD 105000 yearly

Senior Product Designer

Infracost

Full Time

USD 120 — USD 170 yearly

Strategic Alliances & Partnerships Manager

GroMo

Haryana,

Full Time

USD 1200000 — USD 2500000 yearly

Operations

Vitalize

California,

Full Time

USD 160000 — USD 220000 yearly

Accounts Payable & Billing Specialist

Storylane

Full Time

USD 1000000 — USD 1800000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).