In its second quarter 2025 investor letter, Artisan Developing World Fund highlighted stocks such as PDD Holdings Inc. (NASDAQ: PDD ). PDD Holdings Inc. (NASDAQ:PDD) is a multinational commerce group that operates Pinduoduo and Temu platforms. The one-month return of PDD Holdings Inc. (NASDAQ:PDD) was 3.05%, and its shares lost 23.00% of their value over the last 52 weeks. On July 8, 2025, PDD Holdings Inc. (NASDAQ:PDD) stock closed at $106.31 per share, with a market capitalization of $150.923 billion.