Temasek reduces holdings in JD.com and Alibaba, increases holdings in Pinduoduo and China Internet ETF.

Temasek's 13F filing shows that the Singaporean sovereign wealth fund reduced its holdings in JD, Alibaba, and NetEase in the second quarter, and cleared out its position in Yammefen which it had acquired in the first quarter. It also established positions in Beike and Xiaopeng, increased its holdings in Pinduoduo and KraneShares CSI China Internet ETF.