13F HOLDINGS REPORT
First Beijing Investment Ltd
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001701717-25-000020
Total Value
$2.59B
Positions
8
Other Managers
0
Confidential Omitted
No
Holdings (8)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | FULL TRUCK ALLIANCE CO LTD | YMM | 68,645,580 | $890.3M | 34.38% |
| 2 | PDD HOLDINGS INC | PDD | 6,168,721 | $815.3M | 31.48% |
| 3 | NEW ORIENTAL ED & TECHNOLOGY | 647581206 | 9,346,501 | $496.0M | 19.15% |
| 4 | ATOUR LIFESTYLE HOLDINGS LTD | ATAT | 5,668,822 | $213.1M | 8.23% |
| 5 | RLX TECHNOLOGY INC | RLX | 62,864,424 | $165.3M | 6.38% |
| 6 | AXT INC | AXTI | 1,730,156 | $7.8M | 0.30% |
| 7 | NOAH HLDGS LTD | NOAH | 175,328 | $2.0M | 0.08% |
| 8 | AGORA INC | API | 9,900 | $37,818 | 0.00% |