Alibaba Set to Lose Its Position As the Most Valuable Chinese Company Listed in the US to Upstart PDD

Tiger Newspress2023-11-30

China's e-commerce king set to lose its crown as the most valuable Chinese company listed in the U.S.

PDD's market cap stood at $192.59 billion, surpasses Alibaba's $189.65 billion in morning trading on Thursday. The moment was a stark indication of how much has changed in China's vast e-commerce sector.

PDD's revenue for the July-September quarter came in well above the Wall Street consensus, partly because analysts had underestimated Temu, PDD's cross-border e-commerce service that ships goods from China globally. PDD did not disclose revenue, marketing expenses or any other data related to Temu in its latest financial report, and management sidestepped questions about Temu at its earnings calls.

Temu, now available in more than 40 countries, is the global version of the Pinduoduo platform for China. Like its Chinese counterpart, it competes on ultralow prices and uses similar tactics, namely group buying, to gain users. Its slogan is "Team Up, Price Down."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Danielng
2023-11-30
Danielng
So?

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1193780193?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-11-30 23:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1193780193","market":"hk","top_or_hot":-1,"title":"Alibaba Set to Lose Its Position As the Most Valuable Chinese Company Listed in the US to Upstart PDD","media":"Tiger Newspress","content":"<html><head></head><body><p>China&#39;s e-commerce king set to lose its crown as the most valuable Chinese company listed in the U.S.</p><p style=\"text-align: start;\">PDD&#39;s market cap stood at $192.59 billion, surpasses Alibaba&#39;s $189.65 billion in morning trading on Thursday. The moment was a stark indication of how much has changed in China&#39;s vast e-commerce sector.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f1ccf9ad263d311d09a74136ac651aa\" tg-width=\"528\" tg-height=\"286\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ba1500d62ea23f1b37496a6b9b31d705\" tg-width=\"532\" tg-height=\"297\"/></p><p style=\"text-align: start;\"></p><p style=\"text-align: start;\">PDD&#39;s revenue for the July-September quarter came in well above the Wall Street consensus, partly because analysts had underestimated Temu, PDD&#39;s cross-border e-commerce service that ships goods from China globally. PDD did not disclose revenue, marketing expenses or any other data related to Temu in its latest financial report, and management sidestepped questions about Temu at its earnings calls.</p><p style=\"text-align: start;\">Temu, now available in more than 40 countries, is the global version of the Pinduoduo platform for China. Like its Chinese counterpart, it competes on ultralow prices and uses similar tactics, namely group buying, to gain users. Its slogan is &#34;Team Up, Price Down.&#34;<br/></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Set to Lose Its Position As the Most Valuable Chinese Company Listed in the US to Upstart PDD</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Set to Lose Its Position As the Most Valuable Chinese Company Listed in the US to Upstart PDD\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-30 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://asia.nikkei.com/Business/Technology/Alibaba-feels-the-heat-as-PDD-catches-up-in-U.S.-market-cap><strong>Tiger Newspress</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China's e-commerce king set to lose its crown as the most valuable Chinese company listed in the U.S.PDD's market cap stood at $192.59 billion, surpasses Alibaba's $189.65 billion in morning trading ...</p>\n\n<a href=\"https://asia.nikkei.com/Business/Technology/Alibaba-feels-the-heat-as-PDD-catches-up-in-U.S.-market-cap\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BABA","symbol_name":"阿里巴巴","start_time":0,"source_url":"https://asia.nikkei.com/Business/Technology/Alibaba-feels-the-heat-as-PDD-catches-up-in-U.S.-market-cap","article_id":"1193780193","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1193780193","pubTimestamp":1701357334,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"\" Ma continued.PDD's revenue for the July-September quarter came in well above the Wall Street consensus, partly because analysts had underestimated Temu, PDD's cross-border e-commerce service that ships goods from China globally. PDD did not disclose revenue, marketing expenses or any other data related to Temu in its latest financial report, and management sidestepped questions about Temu at its earnings calls.Temu, now available in more than 40 countries, is the global version of the Pinduodu","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BABA":"阿里巴巴","PDD":"拼多多","09988":"阿里巴巴-W"},"translate_title":"阿里巴巴-SW将失去在美国上市的最有价值的中国公司的地位，被新贵PDD取代","themeId":"fa15f917602042188480c98c024dba5b","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09988":1.1,"BABA":1.1,"PDD":1.1},"content_text":"China's e-commerce king set to lose its crown as the most valuable Chinese company listed in the U.S.PDD's market cap stood at $192.59 billion, surpasses Alibaba's $189.65 billion in morning trading on Thursday. The moment was a stark indication of how much has changed in China's vast e-commerce sector.PDD's revenue for the July-September quarter came in well above the Wall Street consensus, partly because analysts had underestimated Temu, PDD's cross-border e-commerce service that ships goods from China globally. PDD did not disclose revenue, marketing expenses or any other data related to Temu in its latest financial report, and management sidestepped questions about Temu at its earnings calls.Temu, now available in more than 40 countries, is the global version of the Pinduoduo platform for China. Like its Chinese counterpart, it competes on ultralow prices and uses similar tactics, namely group buying, to gain users. Its slogan is \"Team Up, Price Down.\"","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":247069106577520,"gmtCreate":1701357528052,"gmtModify":1701357532744,"author":{"id":"3567242381966976","authorId":"3567242381966976","name":"Danielng","avatar":"https://community-static.tradeup.com/news/5cd5b4aefd2b0994474d489d4d1c2904","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":7,"crmLevelSwitch":1,"idStr":"3567242381966976","authorIdStr":"3567242381966976"},"htmlText":"So?&nbsp;","listText":"So?&nbsp;","text":"So?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/247069106577520","repostId":1193780193,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":14,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1193780193"}