Goldman Sachs China Stocks: Top 5 Stock Picks

2. Pinduoduo Inc. (NASDAQ:PDD)

Goldman Sachs’ Q2 Stake Value: $522.4 million

Number of Hedge Fund Holders: 67

Pinduoduo Inc. (NASDAQ:PDD) is a broad-line retail company. It owns and operates an e-commerce platform offering products such as agricultural produce, apparel, shoes, bags, and more.

In the second quarter, 67 hedge funds were long Pinduoduo Inc. (NASDAQ:PDD), with a total stake value of $2.6 billion.

On August 30, Fawne Jiang at Benchmark maintained a Buy rating on Pinduoduo Inc. (NASDAQ:PDD) shares alongside placing a $140 price target on the stock.

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