Hillhouse continues to heavily invest in Chinese concept stocks; HHLR increased holdings in Alibaba and Pinduoduo in the fourth quarter, and reduced holdings in NetEase and Baidu.

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The 13F report shows that Hillhouse HHLR Advisors Ltd. increased its holdings in Alibaba, Pinduoduo, iShares Bitcoin, and TSMC in the fourth quarter. It reduced its holdings in NetEase, Bright Schol, Futu Holdings, Baidu, Manbang, Webull, etc. Major holdings include Pinduoduo, Alibaba, Futu Holdings, and others.

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