12 Best Global Stocks to Buy According to Hedge Funds

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4. PDD Holdings Inc. (NASDAQ:PDD)

Number of Hedge Fund Holders: 85   

PDD Holdings Inc. (NASDAQ:PDD) is a multinational commerce group that owns and operates a portfolio of businesses. Total revenues in the third quarter of 2024 reached $14,157.9 million, marking a 44% increase from $9,809.2 million in the same period of the prior year. In February, media reports indicated that PDD Holdings was facing significant headwinds, including regulatory scrutiny in China, global trade uncertainties, and intensified competition from Amazon’s new Haul service. The US government has recently ended the ‘de minimis’ trade exemption, which previously allowed packages valued under $800 to enter the country duty-free. This exemption was heavily utilized by companies like Temu and Shein to offer low-cost products to US consumers.

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