The takeaway from all these sources is that the correct amount of Chairman Huang’s shareholding in PDD is undisclosed. That holding is worth appx $12 Billion USD in value, at the current price of PDD. Investors don’t know if Mr. Huang really owns those PDD shares, or perhaps he is just a proxy for another party or entity, be that PDD or an undisclosed person or entity. There’s no way to know whether whoever is controlling them is waiting for the right moment to dump these shares on the market. Or pledge them for collateral loans… $Pinduoduo Inc.(PDD)$
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