Recently, renowned investor Duan Yongping discussed his investment in PDD Holdings Inc in an interview. He acknowledged it as a risky investment. "I actually sold a significant portion before buying back almost all of it. I find the company quite interesting, but it carries risks—I wouldn’t recommend others to buy it."

Duan Yongping stated that he has gained some understanding of PDD Holdings. "Their earnings are evident, and the financial reports are available. If they can sustain this business, it’s quite undervalued. The issue is I’m not certain whether they can truly maintain it or what factors might impact them. However, I trust their corporate culture and team—though I can’t predict the broader environment."

When asked about his expectations for PDD Holdings in 5 to 10 years, Duan Yongping said they will likely do well, but he is not 100% certain. "I can confidently say Apple will continue thriving, but PDD isn’t as clear-cut. This industry is highly dynamic, but there’s a possibility PDD could become even stronger—that’s the essence of venture investing, right? If it weren’t a venture, I’d allocate a much larger stake. I haven’t, but I believe it’s worth holding a portion."