---
title: "Singapore hedge fund Keystone reduced its holdings in Pinduoduo and Li Auto and established a position in NetEase in the fourth quarter"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/228072152.md"
description: "Singapore hedge fund Keystone Investors Pte reduced its holdings in several Chinese concept stocks in the fourth quarter, including Pinduoduo, Yum China, Trip.com, New Oriental, and Li Auto. At the same time, the fund established new positions in NetEase, Manbang Group, and Futu, and increased its stake in Huazhu"
datetime: "2025-02-12T18:05:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/228072152.md)
  - [en](https://longbridge.com/en/news/228072152.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/228072152.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/228072152.md) | [English](https://longbridge.com/en/news/228072152.md)


# Singapore hedge fund Keystone reduced its holdings in Pinduoduo and Li Auto and established a position in NetEase in the fourth quarter

Bloomberg's analysis of the 13F filing of Keystone Investors Pte, an emerging hedge fund based in Singapore, found that in the fourth quarter, it reduced its holdings in Pinduoduo by 1.23 million shares, Yum China by 810,000 shares, Trip.com by 490,000 shares, New Oriental by 98,000 shares, and Li Auto by 36 shares. It established a long position in Manbang Group with 590,000 shares, in NetEase with 47,000 shares, and in Futu with 28,000 shares. It increased its holdings in Huazhu by 36,000 shares

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