Why Pinduoduo's Brutal Sell-Off Could Be an Opportunity [The Motley Fool]
PDD Holdings Inc. - American Depositary Shares (PDD)
Company Research
Source: The Motley Fool
Why Pinduoduo's Brutal Sell-Off Could Be an Opportunity Sometimes, you have to spend money to make money. That's certainly the mantra of Zheng Huang, the CEO of the Chinese e-commerce platform Pinduoduo ( NASDAQ:PDD Pinduoduo went public back in July 08 at $9 per share, with the promise of a unique e-commerce model. Initially targeting lower-tier Chinese cities and rural customers, it offered price-sensitive shopers large discounts on an array of goods by allowing them to team up online and buy in bulk. The social aspect of Pinduoduo was a unique feature of the e-commerce experience. Thanks to the company's explosive growth Image source: Getty Images. Huge growth, on both revenue and costs At first, Pinduoduo's sell-off is surprising in light of its stellar revenue growth. Sales surged % year over year, on the back of % growth in gross merchandise volume. Monthly active users grew 8% to 9. million, and the annual spending per active buyer surged 7%. These are fantastic growth numbers
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- PDD Holdings Inc. (PDD) Surges 10.5%: Is This an Indication of Further Gains? [Yahoo! Finance]Yahoo! Finance
- 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
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