Pinduoduo rose 1.4% in pre-market trading as Q2 saw a significant increase in private equity giants' holdings

Zhitong
2024.08.13 09:10

Pinduoduo's pre-market trading in the US rose by 1.4% to $144.47. In terms of news, domestic private equity giant Jinglin Asset's US stock holdings were exposed. Specifically, Jinglin's Hong Kong company significantly increased its holdings of Pinduoduo in the second quarter of this year, making it the largest heavy-weight stock again. In addition, asset management giant Berkshire Hathaway recently submitted a US stock holding report as of the end of the second quarter of 2024. The report shows that Berkshire Hathaway increased its holdings of Pinduoduo by about 348,000 shares, making Pinduoduo the sixth largest heavy-weight stock in its investment portfolio

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