bullish

PDD Holdings

[PDD US]: Slowing Growth but Still Best-In-Class, Cut TP Maintain BUY.

184 Views22 Mar 2023 08:51
We expect that PDD’s domestic eCommerce will experience slowdown in growth. Temu is likely to grow GMV rapidly with high losses from branding and subsidies.
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Blue Lotus Research Institute
China growth and global non-US Internet equities
Hong KongInformation Technology & Consumer DiscretionaryEquity Bottom-UpThematic (Sector/Industry)
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