My Thoughts About PDD Q3 Earning
This is what I found quite interesting: 👇
1. Agriculture products are pretty sticky. Seems like $Pinduoduo Inc.(PDD)$
Agriculture was mentioned over 20 times during the earnings call. Check transcript.
Co -CEO Jiazhen Zhao: "In September as the largest agriculture platform in China Pinduoduo invented 1 billion platform resources and partnered with over 3000 agriculture merchants in more than 1000 product regions across the countries to launch the Duoduo Harvest Festival.
We continue to invest to support quality and agriculture products and in this process we helped farmers participate in the national market and grow their income.
Our farmer merchant are encouraged by the results we receive on our platform and are every more committed to a career in agriculture. "
2. Current investor sentiment is that Temu is doing great wooing customers but looking at the earning call transcript mgmt team didn't talked much about TEMU during the earnings call. Seems $PDD has not disclosed Temu's app performance.
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