Top 5 Chinese Companies on NASDAQ

2. Pinduoduo Inc. (NASDAQ:PDD)

Number of Hedge Fund Holders: 54

Pinduoduo Inc. (NASDAQ:PDD) operates an online marketplace that provides customers with a convenient and engaging shopping experience. Founded in 2015, the company is one of the fastest-growing e-commerce companies in China. Pinduoduo Inc. (NASDAQ:PDD) has become one of the most popular shopping apps in China, with more than 750 million monthly active users. Pinduoduo Inc. (NASDAQ:PDD) also investing heavily in technologies such as artificial intelligence and machine learning to provide customers with personalized shopping recommendations. The company trades on the Nasdaq under ticker symbol “PDD” and is one of the top Nasdaq-listed Chinese companies.

On December 9, KGI Securities analyst Andrew Cheng upgraded Pinduoduo Inc. (NASDAQ:PDD) to Outperform from Neutral and reiterated a $110 price target on the shares.

As of September 30, GQG Partners is the most prominent shareholder in Pinduoduo Inc. (NASDAQ:PDD) and has a position worth $325.9 million in the company.

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