HHLR Advisors, an independent fund management platform under Hillhouse Capital that focuses on secondary market investment, announced its U.S. stock holdings data as of the end of the fourth quarter of 2024. The data shows that among the top ten holdings of HHLR Advisors in the fourth quarter, Chinese stocks accounted for eight seats. BeiGene and Alibaba are still the top two holdings, in addition to Pinduoduo, NetEase, Beike, Vipshop, Legend Biotech and Futu Holdings. The holdings show HHLR Advisors' continued focus on Chinese assets. Among the four stocks newly purchased by HHLR Advisors in the fourth quarter, two are Chinese stocks, namely Agora and Zhiwen Group (Momo). In the fourth quarter, HHLR Advisors increased its holdings of 10 stocks, of which four were Chinese stocks, namely JD.com, Beike, Futu Holdings and Dada Group.