Compared to Alibaba and JD, PDD seems to be the best investment, followed by Alibaba. It will be interesting to see if they can sustain that growth, but at at PE of 20 with high growth expectations this seems very attractive.
It seems they will overtake and become the #1 e commerce retailer in China. With a turn to the good in China's economy as well at ramping up Temu sales in other countries, thinks look pretty bright.
Even if the US tries to add tariffs, which is going to be very hard to do, PDDs growth won't be affected that much.
$Pinduoduo Inc.(PDD)$ $Alibaba(BABA)$
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