Does Temu's Success Make PDD Holdings Stock (NASDAQ:PDD) a Buy? [Yahoo! Finance]
PDD Holdings Inc. - American Depositary Shares (PDD)
Company Research
Source: Yahoo! Finance
Forecasts indicate that this very strong growth trajectory is likely to be sustained throughout the medium term. However, PDD holds regulatory and political risk due to its Chinese origins, with potential Western policy changes negatively impacting the business, and this is why I'm neutral on the stock. What Is PDD? PDD Holdings is a multinational e-commerce giant. It recently relocated its headquarters from Shanghai to Dublin, Ireland, although I gather that there are very few staff present at the new HQ. Initially known as Pinduoduo, the Dublin-registered company rebranded to PDD Holdings in February 2023. PDD Holdings operates several businesses. The company's flagship platform, Pinduoduo, is a leading social commerce app in China that focuses on group buying to unlock substantial discounts. In addition, PDD launched Temu in 2022. This is PDD's online marketplace designed to serve international markets, particularly in North America. Temu has leveraged Pinduoduo's business
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PDD
News
- PDD Holdings Inc. (PDD): Is Ray Dalio Bullish On This Growth Stock? [Yahoo! Finance]Yahoo! Finance
- Temu: a far cry from being able to ‘Shop Like a Billionaire' [Yahoo! Finance]Yahoo! Finance
- Arkansas AG lawsuit claims the number one mobile shopping app is ‘dangerous malware' [Verge, The]Verge, The
- Bull of the Day: PDD Holdings Inc. (PDD) [Yahoo! Finance]Yahoo! Finance
- Syntun|2024 "618" Promotion Report: The GMV during China "618" promotion reached 742.8 billion yuan, and the livestreaming platforms became a traffic boosterPR Newswire
PDD
Earnings
- 5/22/24 - Beat
PDD
Sec Filings
- 5/22/24 - Form 6-K
- 4/25/24 - Form 20-F
- PDD's page on the SEC website