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10-23

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BlackRock Revises Stake in PDD Holdings as 33M Shares, Instead of 132M+ Shares

BlackRock radically revised down its holdings in the Chinese e-commerce company, Pinduoduo as of 3Q24, from 132 million shares disclosed on Monday to 33.01 million shares revised on Tuesday , and the percentage of shares in Pinduoduo was revised from 9.5% to 2.4%, according to a US Securities and Exchange Commission filing.BlackRock trimmed its holdings in Pinduoduo to 29 million shares in 2Q24, representing a 2.1% stake. Pinduoduo's share price rallied 8.3% at one point yesterday, and closed

BlackRock Revises Stake in PDD Holdings as 33M Shares, Instead of 132M+ Shares

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