Pinduoduo Versus Alibaba - Which is a Better Buy?
@koolgal:
🌟🌟🌟$Pinduoduo Inc.(PDD)$ takes the Crown from $Alibaba(BABA)$ as the most valuable Chinese ECommerce Stock! It's like David versus Goliath! With a market value of almost USD196 billion, PDD has overtaken Alibaba which is now worth USD 188.19 billion. This followed PDD's incredible 3Q 23 earnings on November 28 2023. PDD's Total Revenue in the quarter was RMB 68,840.4 million (USD 9.43 Billion), an increase of 94% from RMB 35,504.3 million in the previous year quarter. Operating Profit was RMB 16,656 million (USD 2.28 Billion), an increase of 60% from RMB 10,436.6 Million in the previous year quarter. Non GAAP