---
title: "Hillhouse Capital continues to heavily invest in Chinese concept stocks, HHLR increased its holdings in Alibaba and Pinduoduo in the fourth quarter, while reducing its holdings in NetEase and Baidu"
description: "Hillhouse HHLR Advisors Ltd. increased its holdings in Alibaba, Pinduoduo, iShares Bitcoin, and TSMC in the fourth quarter, while reducing its positions in NetEase, Bright Scholar, Futu Holdings, Baid"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276176972.md"
published_at: "2026-02-17T22:19:13.000Z"
---

# Hillhouse Capital continues to heavily invest in Chinese concept stocks, HHLR increased its holdings in Alibaba and Pinduoduo in the fourth quarter, while reducing its holdings in NetEase and Baidu

> Hillhouse HHLR Advisors Ltd. increased its holdings in Alibaba, Pinduoduo, iShares Bitcoin, and TSMC in the fourth quarter, while reducing its positions in NetEase, Bright Scholar, Futu Holdings, Baidu, Manbang, and Webull. The company has significant positions in Pinduoduo, Alibaba, and Futu Holdings. The market carries risks, and investment should be approached with caution; this article does not constitute personal investment advice

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 Scholar, Futu Holdings, Baidu, Manbang, Webull, and others. The firm has significant positions in Pinduoduo, Alibaba, Futu Holdings, and others.

More news will be updated continuously.

Risk warning and disclaimer

The market has risks, and investment requires caution. This article does not constitute personal investment advice and does not take into account the specific investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at your own risk

### Related Stocks

- [BABA.US - Alibaba](https://longbridge.com/en/quote/BABA.US.md)
- [PDDL.US - GraniteShares 2x Long PDD Daily ETF](https://longbridge.com/en/quote/PDDL.US.md)
- [KWEB.US - Krne Csi China Internet](https://longbridge.com/en/quote/KWEB.US.md)
- [XRT.US - SPDR S&P Retail ETF](https://longbridge.com/en/quote/XRT.US.md)
- [BABX.US - BABA 2x Long Daily ETF - GraniteShares](https://longbridge.com/en/quote/BABX.US.md)
- [IBUY.US - Amplify Online Retail ETF](https://longbridge.com/en/quote/IBUY.US.md)
- [KBAB.US - KraneShares 2x Long BABA Daily ETF](https://longbridge.com/en/quote/KBAB.US.md)
- [BABO.US - YieldMax BABA Option Income Strategy ETF](https://longbridge.com/en/quote/BABO.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 阿里巴巴發佈 Qwen3.5，隨着中國的聊天機器人競賽轉向人工智能代理 | 阿里巴巴集團推出了最新的人工智能模型 Qwen3.5，具備先進的自主能力，正值中國人工智能行業競爭加劇之際。該模型提供開放權重和託管版本，支持對文本、圖像和視頻的多模態理解。Qwen3.5 擁有 3970 億個參數，聲稱其性能與 OpenA | [Link](https://longbridge.com/en/news/276091034.md) |
| 阿里巴巴發佈了新款 Qwen3.5 模型，以迎接 “代理 AI 時代” | 阿里巴巴推出了其新的人工智能模型 Qwen 3.5，該模型旨在獨立執行任務，並具有顯著的性能提升。該模型的成本比其前身低 60%，效率提高了八倍。此次發佈旨在增強阿里巴巴的 Qwen 聊天機器人應用在與字節跳動的 Doubao 等競爭對手之 | [Link](https://longbridge.com/en/news/276045126.md) |
| 阿里發佈千問 3.5，性能媲美 Gemini 3， Token 價格僅為其 1/18 | 阿里巴巴於 2 月 16 日發佈了新一代大模型千問 Qwen3.5-Plus，性能媲美 Gemini 3 Pro，成為全球最強開源模型。該模型參數為 3970 億，推理效率顯著提升，API 價格為每百萬 Token 僅 0.8 元，為 Ge | [Link](https://longbridge.com/en/news/276045921.md) |
| 摩爾線程快速完成對 Qwen3.5 模型全面適配 | 摩爾線程宣佈已在旗艦級 AI 訓推一體全功能 GPU MTT S5000 上完成對阿里最新大模型 Qwen3.5 的全方位適配。此次支持充分展示了摩爾線程 MUSA 生態的成熟度與完備性，開發者可通過 MUSA C 編程語言及 Triton | [Link](https://longbridge.com/en/news/276153560.md) |
| 阿里巴巴 (BABA) 升級了 Qwen AI 模型，中國的科技巨頭正在爭奪用户 | 阿里巴巴已將其人工智能模型升級至 Qwen3.5，增強了其在文本、圖像和視頻處理方面的能力。這一舉措是在中國人工智能行業競爭加劇的背景下進行的，百度和騰訊等競爭對手也推出了升級。阿里巴巴正在大力投資於人工智能和雲系統，擴展其 Qwen 應用 | [Link](https://longbridge.com/en/news/276055492.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.