Recently, global investment institutions with assets under management of no less than $100 million have successively released position reports for the second quarter (13F). With the effective control of domestic epidemic situation and the acceleration of “internal circulation” of economy, international capital has largely flowed to the head platform of China’s domestic demand market. < / P > < p > relevant disclosure data show that the emerging Chinese online platforms represented by pinduoduo and meituan have become the main target of international capital increase. According to whalewistom, 10 of the institutions that have published the 13F file increased their holdings by more than 1 million shares in the second quarter. Among them, pioneer fund, one of the largest fund management companies in the United States, increased its holdings of pinduoduo 5.55 million shares in the second quarter, with a total holding of more than 9.8 million shares. Renaissance Technology Fund, BlackRock, British HSBC Holdings, hedge fund Marshall Weishi and hillhood capital also bought pinduoduo in the second quarter, with corresponding increase of 3.28 million, 3.01 million, 1.37 million, 1.19 million and 1.13 million respectively. In addition, international well-known financial institutions such as UBS, Bank of America, Bridgewater fund, fitong insurance and Tairen capital also increased their holdings by more than 500000 shares in the second quarter. < / P > < p > according to whalewisdom’s ranking, pinduoduo’s popularity among the above institutional investors has risen from 371 at the end of the first quarter to 28th.