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Pennsylvania's public school fund increased investment in Zhihu Inc., but the stock's value dropped by 55.1%.
Pennsylvania's public school employees' retirement fund increased its holdings in Zhihu Inc., a Chinese online content company, by 47.7% in the fourth quarter.
Despite this, the fund's stake in Zhihu's stock decreased in value by 55.1% to $288,000.
Zhihu's stock has a 52-week range of $2.55 to $6.32.
Additionally, the fund also increased its holdings in Sohu.com, another Chinese tech firm, by 16.1%.
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El fondo de la escuela pública de Pennsylvania aumentó la inversión en Zhihu Inc., pero el valor de la acción cayó en un 55,1%.