Jinshi Data reported on October 23 that on Tuesday, Pinduoduo (PDD.US) saw a sharp rise in its stock price before falling back. On the news front, BlackRock (BLK.N) disclosed on October 21 that it had significantly increased its stake in Pinduoduo from 29 million shares in the second quarter to over 132 million shares, equivalent to 9.5% of Pinduoduo's total share capital. However, the filing by BlackRock (BLK.N) seems to be a major mistake. Around 11:35 pm on the 22nd Beijing time, BlackRock issued another announcement, dividing the number of Pinduoduo shares by 4 to approximately 33 million shares, changing its shareholding percentage to 2.4%. Note: Each Pinduoduo ADS is equivalent to 4 A ordinary shares