Jim Cramer Tells Viewers To Not Trust Billionaires & Discusses These 11 Stocks

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6. PDD Holdings Inc. (NASDAQ:PDD)

Number of Hedge Fund Holders In Q3 2024: 78

PDD Holdings Inc. (NASDAQ:PDD) is a new entrant in the Chinese eCommerce industry that rose to prominence locally due to high inflation reducing consumer purchasing power. The firm’s business model enables users to buy in groups to grow their bargaining power and secure better prices. PDD Holdings Inc. (NASDAQ:PDD)’s platforms are also making inroads into the West through their low-cost products which the firm is able to offer due to its relationships with Chinese merchants. However, quality control and delivery times have been problematic. Here is what Cramer said:

“Yeah, Temu and Shein are losers here. . . . when you order from Temu, which I have ordered from, and Shein which I have ordered from, you don’t know when [sic]you come. I mean I ordered some Temu for my wife, it came well after her birthday, I had to slip it into Valentine’s Day.”

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