$PDD Holdings Inc(PDD)$ BlackR

BlackRock's significant increase in Pinduoduo shares sent the stock price soaring. However, I woke up to discover it was all a mix-up. It seems that a data error, likely made by an intern, led to confusion. BlackRock had updated its report in the middle of the night, correcting its shareholding from 132 million shares to 33 million shares. This discrepancy arose because four ordinary shares of Pinduoduo are equivalent to one American Depositary Share (ADS). The initial figure of 132 million only represented ordinary shares, while the actual tradable ADS stands at 33 million shares. Despite the rollercoaster ride, I remain optimistic about Pinduoduo’s fundamentals and will continue to hold my shares without selling.

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