PDD once rose by more than 3.2%. In the second quarter, it was increased by KKR and became the top holding stock of Hillhouse Capital

Zhitong
2024.08.15 14:51

Pinduoduo rose more than 3.2% intraday to $146.6. On the news front, global alternative asset management giant KKR disclosed that as of the end of the second quarter, Pinduoduo was the fourth largest holding, with approximately 360,000 shares valued at around $48.13 million, accounting for 3.61% of the investment portfolio, a sharp increase of 195.24% from the previous quarter. In addition, billion-dollar private equity fund Hillhouse Capital also significantly increased its holdings of Pinduoduo in the second quarter, buying over 1.57 million shares valued at about $209 million. This increased Pinduoduo's proportion in Hillhouse's investment portfolio by 5.15 percentage points to 18.24%, holding 5.207 million shares at the end of the quarter, making Pinduoduo Hillhouse's top holding

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