$PDD Holdings Inc(PDD)$ has beaten earnings estimates in six consecutive quarters. And there are reasons to believe that this win streak could continue.
Bullish analysts point to the company’s overseas expansion as a growth catalyst, specifically noting the launch of Temu in North America as a way to target price-sensitive consumers.
Nevertheless, increase in competition that will make it difficult to maintain market share. Indeed, Amazon is challenging Temu head-on with its own discount platform that will only carry items that cost less than $20.
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