Canadian pension fund investment firm increases stakes in Pinduoduo, Baidu in 2Q


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 Titanium Media App reported on August 14 that as of the end of the second quarter, the Canadian Pension Fund Investment Corporation (CPPIB) had significantly increased its holdings in Pinduoduo among the top 50 heavyweight stocks by 25%, and held Pinduoduo after the increase. The market cap is $352 million. Among the 50-100 heavy-holding stocks, they increased their holdings of GDS by 4%. At the end of the quarter, GDS ranked the 66th most heavily-held stocks. It is worth noting that, as of the end of the second quarter, CPPIB has massively increased its positions in Baidu ADR, with an increase of 387%. After the increase, the market value of Baidu was US$185 million. As of the end of the second quarter, there were more than 1,400 stocks in the CPPIB US equity portfolio. (Source: China Fund News)

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