PDD Holdings has just released

PDD Holdings has just released its Q2 2024 financial results, showing impressive growth. Here are some key highlights:

Total revenues: RMB 97,059.5 million (approx. USD 13,355.8 million), an increase of 86% from the same quarter last year1.

Operating profit: RMB 32,564.5 million (approx. USD 4,481.0 million), up 156% year-over-year1.

Net income: RMB 32,009.4 million (approx. USD 4,404.6 million), a 144% increase from the previous year1.

Looking ahead, PDD Holdings plans to focus on high-quality development and building a sustainable ecosystem. This includes investing heavily in platform trust and safety, supporting high-quality merchants, and improving the merchant ecosystem. Definitely is good chance to buy under $100

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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