PDD: The Game Player
$PDD Holdings Inc(PDD)$
Most of this is attributed to Temu rise
In only 2 years Temu has reached estimated $40bn sales (parent co $PDD does not disclose)
Temu fortune was built on shipping directly from China to consumer.
Eventually law maker will step in to try to slow them (but how do you check 1 million packages a day remains to be seen)
In the meantime Temu is adding more local shops to deliver from US (or EU)
This could also pose a threat to $Amazon.com(AMZN)$ . Not existential but could further reduce ecommerce margins. And Amazon will push more on cloud and advertisement to find growth
All of this, Temu remains a significant player but not a category destroyer[Happy][Happy][Happy]
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