TigerVision888
08-28

I don't see much stimulus from the Chinese Government. The datas indicate clearly a dire need to stimulate domestic spending. Confidence is running very low now. We can only hope, but many have given up and shift investments to the US instead.

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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