PDD Posts Triple-Digit Growth, Mulls Diversification Beyond U.S. [Seeking Alpha]
PDD Holdings Inc. - American Depositary Shares (PDD)
Company Research
Source: Seeking Alpha
The company reported its revenue rose 123% YoY in the fourth quarter to 88.9 billion yuan ($12.52 billion) while net income rose by an even bigger 146% to 23.3 billion yuan. The stock surged almost 80% last year, in sharp contrast with other U.S.-listed Chinese stocks that have wilted over that time. The discount e-commerce giant attributed its strong growth to recovering consumption from increasingly cost-conscious consumers in China. Discount Chinese e-commerce company PDD Holdings Inc. NASDAQ: PDD ) on Wednesday delivered triple-digit quarterly revenue growth that beat market expectations, banking on recovering demand at home and steady gains in its movement abroad. PDD operates e-commerce site Pinduoduo in China, which mostly provides affordable and bargain products directly from manufacturers to price-sensitive consumers in smaller cities. The company has risen to global fame on a strong performance for its Temu e-commerce site since its U.S. launch in late 2022, also se
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PDD
News
- China has a 'fake gold' problem — locals are getting scammed into buying artificial jewelry [MSNBC.com]MSNBC.com
- China has a ‘fake gold' problem — locals are getting scammed into buying artificial jewelry [CNBC]CNBC
- PDD Holdings Files Annual Report on Form 20-F for Fiscal Year 2023GlobeNewswire
- Alibaba: Let's Clear Up Some Misconceptions [Seeking Alpha]Seeking Alpha
- China’s Pinduoduo Has Reshaped Discount Shopping [The New York Times]The New York Times
PDD
Earnings
- 3/20/24 - Beat
PDD
Sec Filings
- 4/25/24 - Form 20-F
- 3/27/24 - Form 144
- 3/26/24 - Form 144
- PDD's page on the SEC website