PDD
🔄 David Tepper has significantly reduced positions in major US tech companies like AMD, Microsoft, and Meta.
🇨🇳 He has reallocated funds to PDD Holdings, a major Chinese tech firm, indicating a shift in investment focus.
📱 PDD Holdings operates Pinduoduo, a mobile e-commerce platform in China, and Temu, an international e-commerce platform.
✅ The company has a strong net cash position and trades at even lower multiples than Alibaba, JD.com, and Baidu, making it an attractive investment.
@Invierteygana:
“The money from these sales has been used to mainly buy PDD Holdings. PDD Holdings is another of the big Chinese tech companies. It has Pinduoduo, which is a mobile e-commerce platform in China, where agricultural products, clothing, footwear, accessories, electronics, and a long etcetera are sold. They also have Temu, which is another e-commerce platform where a large number of products are sold, but in this case, and unlike Pinduoduo, it is more oriented to the rest of the world. It has a large net cash and trades at even lower multiples than Alibaba, JD, and Baidu.”
Watch the exact part of the video where Invierteygana talks about PDD Holdings here:
View the video on YouTube.
Read more articles featuring the most recent analysis of PDD Holdings (PDD) at this link: PDD stock.
