Li Lu Invests in PDD Holdings Inc: A Strategic Move

Li Lu, a finance expert and founder of Himalaya Capital, recently filed his Q2 2025 13F, revealing his investment moves during the period. Born and raised in China, Li Lu attended Columbia University and founded his multibillion-dollar investment firm in 1997. He focuses on long-term investment opportunities in Asia and the US, primarily focusing on publicly traded companies in Asia. His firm embraces value investment principles and aims to achieve superior returns by investing in high-quality companies with a substantial economic moat and great growth potential.

Lufax Holding (NYSE: LU), a leading Chinese financial services provider, has announced significant changes to its board and committee composition. These changes, effective August 14, 2025, reflect a strategic shift aimed at strengthening governance and expertise.

Mr. Weidong Li, an independent non-executive director, resigned from his positions due to personal work commitments. In his place, Ms. Wai Ping Tina Lee, a seasoned legal and banking professional with over 40 years of experience, including senior positions at HSBC, was appointed. Lee brings extensive legal and banking expertise to the board, enhancing Lufax's governance structure.

Additionally, Mr. David Xianglin Li stepped down as chairman of the Nomination and Remuneration Committee. Mr. Dicky Peter Yip was appointed as the new chairman of the committee. These changes aim to bring fresh perspectives and strategic insights to Lufax's governance framework.

The appointment of Lee and Yip underscores Lufax's commitment to maintaining a robust and experienced board. These appointments are part of Lufax's ongoing efforts to ensure that its governance structure remains aligned with best practices and industry standards.

Lufax Holding has been facing a series of challenges, including regulatory changes and market volatility. These changes in board composition could signal a strategic pivot to navigate the evolving financial landscape and ensure continued growth and stability.

For more information on Lufax Holding's board and committee changes, refer to the official announcement [1].

References:
[1] https://www.stocktitan.net/news/LU/