On August 17, PDD Holdings Inc rose 3.07% in pre-market trading, trading at $87.34/share, with turnover of $7.1431 million.

On the news front, according to the latest 13F filing disclosed by the U.S. SEC, H&H International Investment, managed by renowned investor Duan Yongping — often referred to as the Warren Buffett of China — significantly increased its PDD Holdings position by 5.2738 million shares in the second quarter, representing a 26.71% increase. Total holdings rose to 25.0221 million shares, making H&H the sixth-largest shareholder of PDD Holdings with a 1.76% stake in total outstanding shares, trailing only Huang Zheng at 31.27%, Tencent at 13.76%, BlackRock at 2.25%, Vanguard at 2.2%, and Baillie Gifford at 1.87%.

Notably, Duan Yongping simultaneously reduced positions in previously high-performing tech names including NVIDIA and Google, signaling a clear portfolio rotation toward undervalued Chinese internet platforms. H&H also established a new position in Alibaba of approximately 301,400 shares valued at around $28.93 million.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)