$PDD Holdings Inc(PDD)$ The ma

The management of Pinduoduo actually stated a truth: both revenue and profits may decline. Other leading e-commerce platforms could face the same issue. If Pinduoduo's performance declines, what makes the others immune to the same fate? Therefore, we have a few scenarios: either Pinduoduo's valuation increases, or the valuations of other e-commerce companies decrease, or they all rise together. Each outcome has significant implications for the market landscape.

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