blackrock trimmed its shares
BlackRock radically revised down its holdings in the Chinese e-commerce company, Pinduoduo as of 3Q24, from 132 million shares disclosed on Monday (21st) to 33.01 million shares revised on Tuesday (22nd), and the percentage of shares in Pinduoduo was revised from 9.5% to 2.4%, according to a US Securities and Exchange Commission (SEC) filing.
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Chunyong Huang : It was a mistake in the number reported, it was corrected and not a shareholding.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
102539156 Dan Chunyong Huang : What does it mean?
狮城股羊 102539156 Dan : i think TS is correct, blackrock has trimmed not increased its stake holding..