Investor handpicked by Charlie Munger for China bets everything on one stock
Li Lu, investor and philanthropist once dubbed “the Chinese Warren Buffett” by Charlie Munger, has just disclosed a bold stock move.According to his 13F filing on Thursday, August 14, the founder and chairman of Himalaya Capital appears to be betting everything on just PDD Holdings (NASDAQ: PDD), also known as Pinduoduo and the parent company of Temu.More precisely, Lu owns 4,608,000 shares in the Chinese online retailer, worth almost $500 million on June 30.PDD Holdings stock price performancePDD shares sl ...