Gao Ling increased its holdings of Alibaba and Pinduoduo in the fourth quarter.

The 13F report shows that Hillhouse Capital Management Ltd. increased its holdings in Alibaba, Pinduoduo, iShares Bitcoin, and TSMC in the fourth quarter. They reduced their holdings in NetEase, Bright Scholar, Futu Holdings, Baidu, Manbang, and Webull. They have a heavy position in Pinduoduo, Alibaba, and Futu Holdings.