10 Best Chinese Stocks to Buy According to Billionaires

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1. PDD Holdings Inc. (NASDAQ:PDD)

No. of Billionaire Investors: 21

Total Billionaire Stake: $2.15 Billion

No. of Hedge Fund Holders: 85

PDD Holdings Inc. (NASDAQ:PDD) is another Chinese e-commerce giant and one of China’s fastest-growing e-commerce companies. PDD is mainly recognized for its social commerce platform, Pinduoduo. The company has made its place among other e-commerce leaders in China including Alibaba and JD.com. PDD is integrating into global markets through its e-commerce platform, Temu.

On March 21, JP Morgan analyst Andre Chang raised the price target of PDD shares from $105 to $125, maintaining a Neutral rating on the stock. The analyst has raised the price target of PDD following a strong Q4 2024 and full-year results. PDD Holdings Inc. (NASDAQ:PDD) posted a revenue of RMB 110.6 billion for the quarter and RMB 393.8 billion for the full year, growing by 24% and 59% year-over-year, respectively. Logistics support measures helped PPD grow a double-digit order volume in remote regions, expanding free shipping to almost 100 million consumers.

PDD Holdings Inc. continues to invest in logistics and technology to improve its operations. It is also focused on improving supply chain efficiency, agricultural e-commerce, and AI-powered recommendation engines.

While we acknowledge the potential of PDD to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PDD but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks To Invest In According to Billionaires.

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