PDD Holdings

Pinduoduo (PDD): 2Q23, Revenue Significantly Higher Than Consensus, Buy

271 Views30 Aug 2023 01:25
Revenue increased by 66% YoY to RMB52 bn, significantly higher than the market consensus RMB43 bn. The op margin declined to 24% in 2Q23 from 28% in 2Q22 due to aggressive expansion outside China.
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Top Quartile
Ming Lu
Overseas Chinese Equities
Aequitas Research
ChinaInformation TechnologyEquity Bottom-UpThematic (Sector/Industry)