PDD Holdings: Great Business, Big Potential, Low Valuation

Core Viewpoint - PDD Holdings Inc. has experienced a 50% decline in stock price since its peak in February 2021, despite strong operational performance, amid a prolonged bear market in China lasting 36 months [1]. Company Performance - The stock price of PDD Holdings Inc. has decreased significantly, indicating a disconnect between market performance and operational success [1]. Investment Philosophy - The investment strategy focuses on identifying businesses that solve real problems, with the potential for significant price appreciation over a 2-5 year horizon [1]. - The goal is to manage a $10 million investment portfolio, primarily in stocks and real estate, aiming to outperform the S&P 500 and achieve financial independence by 2035 [1].