5 Chinese Stocks Billionaires Are Crazy About

2. PDD Holdings Inc. (NASDAQ:PDD)

Number of Billionaire Investors In Q3 2023: 18

PDD Holdings Inc. (NASDAQ:PDD) is another diversified Chinese retailer that sells furniture, groceries, electronics, and other products. The firm is all that anyone can really talk about in the eCommerce market these days as its budget online store Temu is proving to be quite popular and taking the heat to JD and even Amazon.

During September 2023, 66 among the 910 hedge funds tracked by Insider Monkey had bought the firm’s shares. PDD Holdings Inc. (NASDAQ:PDD)’s largest shareholder is Lei Zhang’s Hillhouse Capital Management through its $720 million investment.

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