$PDD Holdings Inc(PDD)$ That's the only thing that has prevented me from buying their stock. I just don't trust their earnings report. I don't see how they can make so much money when their discount is so big and they sell really cheap items. That's like believing the Dollar Store has better profits than Walmart. And the speed of their growth also seems suspect. Of course, we could be wrong but I'm just not taking those chances. I prefer to invest in JD $JD.com(JD)$ , which is more like Amazon's $Amazon.com(AMZN)$ business model, and has a strong reputation for genuine products and high customer satisfaction. And JD's p/e ratio is 9.5, really cheap.
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