This $32 Million Bet Puts Nearly 10% of One Fund Into a China EV Stock Up 26%

This $32 Million Bet Puts Nearly 10% of One Fund Into a China EV Stock Up 26%

Key PointsYong Rong bought 1,588,000 shares of XPeng in the fourth quarter; the estimated trade value $32.20 million based on quarterly average pricing.This was a new position for the fund, which did not report holding XPEV shares in the previous period.XPeng represents 9.76% of fund AUM, which places it outside the fund's top five holdings.These 10 stocks could mint the next wave of millionaires › On January 29, Yong Rong (HK) Asset Management …