Billionaire Lei Zhang’s 10 Stock Picks with Huge Upside Potential

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1. JD.com, Inc. (NASDAQ:JD)

Hillhouse Capital’s stake: $58,592,300

Upside Potential: 59.79%

Number of Hedge Fund Holders: 78

JD.com, Inc. (NASDAQ:JD), also known as Jingdong, is one of China’s largest e-commerce companies, specializing in online retail and logistics. Founded in 1998 and headquartered in Beijing, JD operates a highly efficient supply chain and advanced delivery network, offering products ranging from electronics to groceries. Known for its commitment to authenticity and speed, JD leverages cutting-edge technologies like AI and automation to enhance customer experience and drive innovation in digital commerce.

On April 28, Citi lowered JD.com’s price target from $56 to $51 while maintaining a Buy rating. Citi cited JD.com’s aggressive expansion into the food delivery sector, which has sparked investor concerns about profitability. Shares of JD.com, Inc. (NASDAQ:JD) and Meituan have declined sharply in recent weeks. Citi views JD’s recruitment of former Meituan executive Qing Guo as a strategic response to competitive threats from Meituan’s Insta-shopping. While questions remain about the sustainability of recent order growth, especially after subsidies end, JD.com’s robust first-party supply chain and logistics capabilities, which Citi sees as key advantages for growth in food delivery and on-demand retail. The Chinese company appears well-positioned despite short-term pressures on margins and stock performance.

While we acknowledge the growth potential of JD, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than JD but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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