#13. PDD Holdings Inc (PDD) — 28% UPSIDE

Pinduoduo is a holding company. Through its subsidiaries, Co. is engaged in the merchandise sales and the provision of online marketplace to help merchants utilize the internet to engage with their customers in the People's Republic of China. Co.'s Pinduoduo mobile platform provides a selection of merchandise, featuring a social shopping experience that utilizes social networks as a tool for buyer acquisition and engagement. Co. is a Chinese e-commerce player. Co. provides team purchase model on its platform. Buyers can access Co.'s platform and make team purchases by either visiting its platform directly or through social networks, such as Weixin and QQ. The median 12 month forward target price among analysts covering PDD is $179.0/share.