US Stock Market Move | PDD Holdings Inc. Sponsored ADR Class A (PDD.US) rose nearly 3% in pre-market trading, with five major Chinese institutions collectively increasing their positions.

On Monday, PDD Holdings Inc. Sponsored ADR Class A (PDD.US) rose nearly 3% in pre-market trading, reaching $108 at the time of writing. On the news front, the stock positions of five top Chinese institutions in the US market, including Hillhouse Capital, Hillhouse, Gao Yi, Oriental Harbor, and Himalaya Capital, show that the leading Chinese e-commerce company, PDD Holdings Inc. Sponsored ADR Class A, received collective increases in holdings and became the largest consensus among institutions. It is reported that the HHLR Advisors, focused on the secondary market under Hillhouse, significantly increased their holdings in PDD Holdings Inc. Sponsored ADR Class A, with a holding market value of $1.216 billion, increasing from 28% to 39%; the second largest holding, Alibaba Group Holding Limited Sponsored ADR, had a holding market value of $796 million, with the proportion increasing significantly from 14.4% to 26%.