The management company of the largest Chinese concept stock ETF in the United States significantly increased holdings in companies such as Pinduoduo and GSX Techedu.

Bloomberg's analysis of the 13F filing of Krane Funds Advisors LLC shows that the company significantly increased its holdings in stocks such as iQIYI, TAL Education, Pinduoduo, Tencent Music, and its own managed US-listed largest Chinese concept stock fund, KraneShares CSI China Internet ETF. Stocks that were reduced include JinkoSolar and Xpeng.