Is PDD Holdings (PDD) Zhang Lei’s Top Pick?

Group 1 - PDD Holdings Inc. (NASDAQ:PDD) is a significant investment for billionaire Zhang Lei, representing 27.76% of his portfolio, valued at $1.14 billion [1] - Approximately 70% of analysts covering PDD remain optimistic, with a consensus price target of nearly $150, indicating a potential upside of 50% despite regulatory and competitive challenges [1] - Citi recently adjusted its price target for PDD from $170 to $142, maintaining a 'Neutral' rating, citing improved U.S. traffic at Temu as a factor mitigating profitability pressures [2] Group 2 - Morgan Stanley has reiterated an 'Overweight' rating on PDD with a price target of $148, although it has removed the stock from its "Top Pick" list due to increasing regulatory risks in China [4] - PDD Holdings operates digital marketplaces that enhance productivity for merchants and consumers through integrated sourcing, logistics, and fulfillment networks [5] - Citi previously characterized a Rmb 100,000 tax fine in Shanghai as "smaller-than-feared," suggesting it alleviated some regulatory concerns [3]