I looks good with Chinese ADRs for mid term investment. Among the stocks listed above, I prefer PDD the most. In the third quarter of 2023, PDD Holdings experienced a significant increase in total revenue, outpacing consensus estimates by a considerable margin. This growth is attributed to a clear trend of consumption upgrades among users on PDD platform, along with the company commitment to a high-quality development strategy that harmonizes quality with price. Additionally, PDD Holdings has shown a strategic focus on investing in user subsidies and direct price reductions, which has contributed to their robust revenue performance, particularly in transaction services which surged impressively year over year. Therefore it will be a bullish vote to$Pinduoduo Inc.(PDD)$
As the stocks market is recovering and Chinese companies are doing great in the recent earnings result, and since most of them are undervalued right now, I do have a bullish vote on the Chinese companies like $Alibaba(BABA)$
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Comments
PDD is indeed a company worth investing in
PDD’s current fundamentals are getting better and better
Going long PDD is definitely not a wrong choice