What a joke.
CTrip results posted strong growth yesterday. As a travel platform, the growth in revenue and profit show a robust economy and people willingness to travel.
PDD results and the fact it miss expectations should not be taken as a yardstick of health of Chinese economy but the failure of PDD to compete with the mighty Alibaba.$Alibaba(09988)$ $BABA-W(09988)$ $PDD Holdings Inc(PDD)$ $TRIP.COM-S(09961)$
Even Temu and Alibaba are crashing, in red flag for China’s economy
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