Private equity giant's US stock holdings exposed, Pinduoduo returns to the top holding
2024-08-10
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[Private equity giants' US stock holdings exposed Pinduoduo[Return to the largest holding] Cailian News reported on August 10 that the U.S. stock holdings of Jinglin Asset, a domestic private equity giant, were exposed. Jinglin Asset's overseas subsidiary, Jinglin Asset Management Hong Kong Co., Ltd. (referred to as "Jinglin Hong Kong Company"), recently submitted U.S. stock holdings data as of the end of the second quarter of 2024 to the U.S. Securities and Exchange Commission (SEC). The total market value of its holdings was US$3.795 billion (approximately RMB 27.2 billion), a significant increase from the end of the first quarter of this year. Specifically, Jinglin Hong Kong Company increased its holdings in Pinduoduo significantly in the second quarter of this year, buying it back to become its largest holding; at the same time, it increased its holdingsTSMC, Manbang Group,NetEase、Alibaba、shellWait, a new warehouse has been created.apple、Ideal Autoetc.; but reduced holdings in Meta, Facebook's parent company,Nvidiaand other AI-related targets, and also reduced its holdings of Doordash,Uberetc., cleared out AMD, AbbVie, etc. (China Fund News)
