bullish

PDD Holdings

China Internet Weekly (25Nov19): PDD Plunged by 23% After Short Recommendation in Last Weekly

316 Views25 Nov 2019 00:20
SUMMARY

While researching Chinese Internet companies, we frequently come across news that merits being highlighted to investors, however, it is not big enough to warrant a research note. In our inaugural "Last Week on China Internet", we have tried to summarize the weekly news flow. We plan to publish this on a test basis, thus, if you have any feedback positive/negative please do let us know.

Ratings of our coverage in China:

  • Buy: Alibaba (BABA), Tencent (700 HK), JD.com (JD) Meituan (3690), NetEase (NTES), TAL Education (TAL), New Oriental (EDU).
  • Hold: Autohome (HTHM), 58.com (WUBA)
  • Sell: Pinduoduo (PDD), Tencent Music (TME), Baidu (BIDU), Weibo (WB)
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