Pinduoduo (PDD)

• Market cap: $182B
• 1 day: 0.87%
• 5 days: 8.61%
• 1 month: 8.24%
• 3 months: 24.50%
• 6 months: 7.59%
• Year to date: 32.33%
• 1 year: 28.21%
• 5 years: 46.96%
• 10 years: 380.19%
• Sector: Consumer Discretionary
• Industry: Internet Retail

About: PDD Holdings operates commerce businesses in over 80 countries globally. Its main operations are Pinduoduo, a social commerce platform in China, and Temu, a global e-commerce marketplace. PDD also has a community group purchase business in China. PDD has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses.

Employees: 23,465

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

20.55% more ownership

Funds ownership: 8.06% [Q1] → 28.62% (+20.55%) [Q2]

1% more repeat investments, than reductions

Existing positions increased: 194 | Existing positions reduced: 193

4% less funds holding in top 10

Funds holding in top 10: 68 [Q1] → 65 (-3) [Q2]

10% less funds holding

Funds holding: 574 [Q1] → 519 (-55) [Q2]

11% less call options, than puts

Call options by funds: $3.88B | Put options by funds: $4.36B

12% less capital invested

Capital invested by funds: $48.1B [Q1] → $42.5B (-$5.65B) [Q2]

35% less first-time investments, than exits

New positions opened: 72 | Existing positions closed: 110

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $105 18% downside
• Avg. target: $115 10% downside
• High target: $128 0% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

JP Morgan Ellie Jiang	18% downside $105	Neutral Maintained	28 May 2025
Benchmark Fawne Jiang	0% downside $128	Buy Maintained	28 May 2025
China Renaissance Charlie Chan	17% downside $107	Hold Downgraded	28 May 2025
Jefferies Thomas Chong	6% downside $121	Buy Maintained	27 May 2025