PDD Holdings Inc. Faces Challenges Amid E-Commerce Investments

Artisan Partners released its second quarter 2025 investor letter for the Artisan Developing World Fund, which returned 14.40% compared to 11.99% for the MSCI Emerging Markets Index. Equities rose despite trade uncertainties, bond market strife, and geopolitical tensions. US markets outperformed international markets in local currency terms.

In the investor letter, Artisan Developing World Fund highlighted PDD Holdings Inc. (NASDAQ:PDD), a multinational commerce group operating Pinduoduo and Temu platforms. PDD Holdings Inc. (PDD) had a one-month return of 3.05% and closed at $106.31 per share on July 8, 2025, with a market cap of $150.923 billion.

The fund’s letter noted that PDD Holdings Inc. (PDD) was among the bottom contributors to performance in the quarter due to ongoing investments in domestic e-commerce merchant support and external challenges related to tariffs and ADR delisting risk. PDD Holdings Inc. (PDD) was not among the 30 most popular stocks among hedge funds, with 87 hedge fund portfolios holding it at the end of the first quarter of 2025.

Read more at Yahoo Finance: PDD Holdings Inc. (PDD) Slid Amid Investment in E-Commerce Support and External Challenges