Pinduoduo's Temu-owner, $PDD, surpasses Alibaba's market cap. Pinduoduo's transaction revenue surged 614% since its founding in July 2022. US-listed PDD reports Q1 revenue up 131% YoY to ~$12B and operating profit up 275% YoY to ~$3.6B. Investors show interest in $BABA, with David Tepper increasing his position by ~160%.
$PDD the new "Baba". 52W high, but getting hot and extended. Prefer off a dip and hold of the 8D now https://t.co/jx5lSY0fdr
$PDD is what $BABA bulls want it to be
$PDD breakout. https://t.co/ktXSpVMovH https://t.co/55WQ28nfpX
$PDD beast mode https://t.co/gUfXI8kZqG
$BABA is David Tepper's top bet Q1. He acquired 6.9M shares and increased his position by ~160% to 11.25M shares.👇🏼 $BABA new purchase, a ~$500M alone represents ~40% of his total new purchases, ~$1.3B in the 1st quarter. $BABA has been trading near the bottom ~$70 for more… https://t.co/uKwShNq5f7 https://t.co/DyRmwbQynb
$PDD up over 30% since we published our model, but never hurts to take profits (was puzzled by reaction yday) - Taking market share from $BABA, $JD, $AMZN, $CPNG - Profits tripled y/y and beat expectations handily - 1Q Revenue 86.81bn yuan vs est 76.86bn - 1Q earnings 20.72 yuan…
$PDD uptrend, testing an early breakout. https://t.co/UNAdHZtBgc
$PDD between yesterday and today! https://t.co/Df0vzI40eN https://t.co/ZsBKhMkzyl
$JD convert now $BABA possibly - not waiting around to take advantage of the first decent rallies in awhile (both plenty higher at times past 12-18 mos)
$BABA From $70 to $90 now back to $80. If there was ever a time for the name to bounce to prove that this recent move is not a joke, it is right here right now….
US-listed PDD, which runs Temu and Pinduoduo, reports Q1 revenue up 131% YoY to ~$12B and operating profit up 275% YoY to ~$3.6B, as global expansion gains pace (@_szheng / Bloomberg) https://t.co/Pnn5Pa6R2v 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/UJ0pTLxna1
Added few more $BABA at $83
Temu was founded in July of 2022. Since that time, Pinduoduo's transaction revenue is up 614%🤯 $PDD https://t.co/iERICo7P0m
That’s nuts. Own both, but makes you realize how undervalued $BABA is. https://t.co/9Jg17bOA61
Temu-owner Pinduoduo $PDD now has a market cap higher than Alibaba $BABA.