PDD Skyrocketing: Can Low-price Strategy Work Again Overseas?
$Pinduoduo Inc.(PDD)$ rose to a 1-year high after beating earnings expectationsThe company saw revenue growth of 65% YoY to $4.99 billion, beating expectations of $4.31 billion. Revenues from online marketing services rose 58%, transactions services 102%, and merchandise sales fell 31%. With that said, its merchandise sales are not a material business line for them. It also posted a non-GAAP operating profit of $1.729 billion, a 277% YoY jump. From that, it generated $1.64 billion in operating cash flow.Temu: Pinduoduo’s oversea project topped the US AppStore within two monthsOn September 1, 2022, Temu was officially launched overseas. Since November, the US website has surpassed Amazon to become the most downloaded shopping app. In fact, Temu's popularity is largely due to its low-price model conforming to the current consumption trend, and its price advantage
[TOPIC]Black Friday 2022: The Best Early Deals and Sales Here
Hey Tigers! I know most of you have checked out already, and get ready to eat some Turkey. 🦃 BUT WWWAIT! DON"T MISS THE HUGE DISCOUNT HERE!!!Except for big retailers like Amazon, Best Buy, Target, Dell, HP, and Walmart, I find some popular companies with huge discounts for you guys. It’s time— the deepest discounts of the year are here. The Black Friday 2022 sale means up to 70% off to gift to everyone.Which do you pick? Or any other stocks in your shopping cart?Tell us your shopping list will receive tiger coins!Don't forget to tag your friends to join!Join our&
Manchester United Expects to Sell for £6 billion, Ronaldo's to Leave Immediately
$Manchester United PLC(MANU)$ rose 14.66% on Tuesday. Manchester United gained over 11% in extended trading. As of Tuesday's closing, the market value of Manchester United was about 2.44 billion dollars.What Happened to the Historical Football Club?Star Player Cristiano Ronaldo will end his contract early and leave the club imediataly. Market news shows that Manchester United is seeking financial options including sale.$Manchester United PLC(MANU)$ board is launching a process to explore strategic alternatives, including new investment into the sports club and a potential sale other transaction.According to the exclusive report of Sky News on Tuesday (November 22), the Glazer family is preparing to officially announce that they intend to consider potential external investment sources, which may in
FIFA World Cup: Beer Sales Banned at Qatar Stadiums, Who will Benefit?
World Cup, for fans, it's a global carnival party! However, the best combination of "football" and "beer", was banned by the host Qatar. Just 2 days before the opening ceremony, FIFA issued a ban to cancel all beer selling points around the stadium.With this move, not only World Cup beer sponsor, Budweiser($Anheuser-Busch Inbev SA(BUD)$) has been taken advantage of, and fans are even more confused. Many netizens commented that this is the most calmest and sober World Cup!Budweiser sponsored the World Cup with $75 million. However, Qatar banned selling alcohol around stadium!Presumably, everyone already knows that Qatar is an authentic Arab country, and "rich" and "taboo" are synonymous with it. Alcohol is strictly controlled here, and it is illegal for passengers to bring alcoholic beverages into the country and to drink in public.Before hosting, Qatar promised that beer can b
FIFA World Cup Qatar 2022™: Most Expensive World Cup Ever
The 22nd World Cup officially opened at the Gulf Stadium in Doha, Qatar, and it was destined to be a very special World Cup, the first World Cup ever to be held in the northern hemisphere in winter, the first World Cup to be held in an Islamic country, and most notably, the most expensive World Cup ever!How much spend on the FIFA World Cup Qatar 2022™？The total cost exceeds the sum of previous World Cups. A more accurate answer is: the cost of the World Cup in Qatar is 5 times the sum of the costs of all previous World Cups. According to the statistics of CNN and "Forbes", the total cost of the World Cup in Qatar is 220 billion US dollars, In the past, the total cost of all World Cups was only 44.3 billion.Qatar’s minister of finance said in 2017 the country was spending $500 million per week on infrastructure projects including roads, hotels, stadiums and airport upgrades to prepare the small Middle Eastern nation to host the world’s largest sporting event. It will be, by fa
Buffett Found the Bottom Again with over 20% Profit?
The latest 13F shows that Warren Buffett's position in $TSMC (TSM.US)$ in the third quarter became the focus of the market, and TSMC was the collective leader of the semiconductor rally!Source: WhalewisdomIn addition to TSMC, Buffett also bought nearly 5.8 million shares of $Louisiana-Pacific(LPX)$, equivalent to a 6.7% stake in the U.S. building materials manufacturer. LPX shares have jumped more than 10% in the past five days, with a recent market cap of about $4.46 billion.Why $Louisiana-Pacific(LPX)$?LPX is headquartered in Nashville, Tennessee, not Louisiana, and far from the Pacific. It manufactures building products for use in new home/outdoor structure construction, repair and remodeling. It operates in the US, Canada and South America in the following segments:Siding: Manufactures wood siding, trim and
What do you think of #Trump2024? Any impact on the stock market?
Source: CNNTrump is coming back, announcing a White House bid for 2024“In order to make America great and glorious again, I am tonight announcing my candidacy for president of the United States,” Trump said in Florida. Former President Donald Trump, aiming to become only the second commander-in-chief ever elected to two nonconsecutive terms, announced Tuesday night that he will seek the Republican presidential nomination in 2024.This time, the U.S. midterm elections, we all think, the Republican Party will be Trump's crazy incitement, set off a "red wave". The Republicans took the House of Representatives, but the Senate, which is a must-have, lost big time. The Democrats have now taken 50 seats and locked up control.Therefore, Trump‘s influence is getting worse, this time the performance is very disappointing. Now it depends on Trump's iron fan, how exactly to support him. After all, Trump lose Twitter this loudspeaker, the hearts of the pe
Chinese Stocks Rally: Which Funds are Adding Positions in Chinese Stocks?
China announced last week that it is shortening quarantine requirements while simplifying travel rules and adjusting its monitoring system. Investors cheered the latest announcement.The $HSI(HSI)$ jumped 7.74% on Friday after the news came out. Chinese stocks are well placed to gain from the easing of social distancing and travel curbs. Last week's changes to the Covid restrictions mean reopening trades are "finally going to take off." Which funds are adding positions in Chinese stocks?Baillie Gifford funds bought more shares of $Pinduoduo Inc.(PDD)$ and $NIO Inc.(NIO)$ in Q3Baillie Gifford, one of the largest asset managers in Europe and a China bull in recent years, increased its holdings of some Chinese growth stocks in its portfolio in the third quarter.The investment group added 110,737 shares of e-commerce platform
Meta's Layoff: 11,000 People Disappear from Meta-universe
The day is still here for the big tech company layoffsJust a few days ago, Musk launched a "purge" within Twitter, and it is unexpected that the same drama will be played out in Meta within a few days. At Tuesday's meeting, Zack was said to be frustrated, admitting that he was overly optimistic, which led to the overstaffing of the company. "I'm responsible for the company's failures."This is the first large-scale layoff in the history of Meta, and will affect more than 11,000 employees, accounting for about 13% of Meta's total workforce.After the announcement, Meta's stock price soared again: it closed at $96.47 yesterday and opened at $101.72 on Wednesday, immediately surging up to a daytime high of 8%, then started to fall after lunch and finally closed at $101.47, up 5.2%.Investors may take this big layoff as good news for Meta to improve its profit margin, but behind these numbers are the sorrows and fears of countless ordinary people who have been affected.With today's layof