Pinduoduo accounts for 78.64%, but its shareholding is as high as 16,295,432 shares. Based on Pinduoduo's stock price in June, the market value of this part of the shareholding exceeds US$2.1 billion.
In addition, Ivy League, Hillhouse Capital, Gaoyi Capital, and Jinglin Asset Management's Pinduoduo positions also reached 47.88%, 29.16%, 27.64%, and 18.24%, respectively.
In the second quarter of this year, except for a few institutions country code philippines mobile such as IDG China and Hillhouse Capital that reduced their holdings in Pinduoduo, a large number of institutions increased their holdings in Pinduoduo. Among them, Jinglin Asset Management increased its holdings by 1,572,281 shares and Gaoyi increased its holdings by 447,154 shares.
As of the close of the U.S. stock market on August 26, Pinduoduo's share price closed at US$100, which is lower than the average holding price of institutions such as HSG Holding LTD and Gaoyi; approaching the average holding price of Ivy League, Hillhouse Capital, etc.; and still a little bit away from Jinglin Asset Management (average price of US$88.71) and Capital Today (average price of US$82.89).
However, for well-known institutions that have experienced many ups and downs, short-term fluctuations in stock prices are not enough to affect their judgment.
Only a few people can really make money in the secondary market. Today Capital, headed by Xu Xin, is one of the “few people” who made money from Pinduoduo.
According to public information, Capital Today established a position in Pinduoduo at a high level in Q3 2023 - purchasing 2,453,900 shares of Pinduoduo at an average price of US$82.89, involving an amount of more than US$200 million.