3. PDD Holdings Inc. (NASDAQ:PDD)
Number of Billionaire Investors In Q1 2023: 16
PDD Holdings Inc. (NASDAQ:PDD) is a Chinese ecommerce company, previously known as Pinduoduo.
62 of the 943 hedge funds part of Insider Monkey’s database had bought a stake in the firm as of Q1 2023. PDD Holdings Inc. (NASDAQ:PDD)’s largest hedge fund shareholder is Lei Zhang’s Hillhouse Capital Management since it owns ten million shares that are worth $807 million.
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