$PDD Holdings Inc(PDD)$ CEO: "

$PDD Holdings Inc(PDD)$ CEO: "The decline in profitability is inevitable."

PDD Drops 30%: Would You Buy PDD or BABA at $80?

Pinduoduo's stock dropped over 30% after releasing its earnings report. Although the adjusted net profit reached ¥34.432 billion, exceeding market expectations, several other key revenue metrics fell short. For example, operating revenue was ¥97.06 billion, below the market expectation of ¥99.985 billion; online marketing services and other revenues were ¥49.116 billion, lower than the expected ¥50.496 billion. ------------- Is it a bear trap or a bargain opportunity? What's the bottom for PDD? What's your target price? Alibaba vs. Pinduoduo: What's your pick?

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Comments

Olivia Bruce
08-26
Olivia Bruce
I’ve doubled my position in PDD. The market seems to be overly punishing PDD for not meeting unrealistic growth expectations. This presents a solid buying opportunity.

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