Pinduoduo (PDD), the parent company of Temu, has emerged as China's most valuable e-commerce company, surpassing Alibaba. PDD's shares have surged 109% over the past year, reaching a market cap of approximately $208 billion, compared to Alibaba's $196 billion. This growth is attributed to PDD's strong quarterly performance, reporting $12 billion in revenue, up 131% year-over-year, and its robust profit margins. The company's success is driven by Chinese consumers' preference for cheaper products amid an uneven economic recovery. Additionally, Goldman Sachs' Tier 1 upgrade and significant investments from notable investors like David Tepper have bolstered PDD's market position. Tepper's portfolio allocates around 25% to Chinese stocks, with PDD being a top performer, up 35% quarter-to-date.
How Temu parent PDD dethroned Alibaba to become China's most valuable e-commerce company - CNBC https://t.co/j3juwTeEWb
Analysis: Temu and Pinduoduo parent PDD, whose shares are up 109% over the past year, has a ~$208B market cap, compared with Alibaba's $196B and https://t.co/yYbBHSkIK6's $48B (@sheilachiang / CNBC) https://t.co/CPsgRWRvpj https://t.co/UdF24pMf55
How Temu parent PDD dethroned Alibaba to become China's most valuable e-commerce company https://t.co/JEVzV5lIjc
David Tepper is a big bull of China stocks, which represent ~25% weight of his ~$6.5B portfolio value. 3 of his top 5 buys in Q1 are $BABA, $PDD, $BIDU. He allocated ~65% of total ~$1.3B new capital to the 3 stocks alone. $PDD is a top gainer, up ~35% QTD, the best performer… https://t.co/j1p64l9Qbg https://t.co/g3aBbL3MMg
$PDD reported another crazy good qtr. Huge e-commerce growth at large scale w/ the industry’s most robust margins. If you believe the numbers, this is basically the second-most interesting company out there after $NVDA. They did $12b USD in the qtr up 131% year over year with… https://t.co/EZWDBxomfS
Chart of the Day: Chinese e-commerce giant PDD’s quarterly growth far outpaced rivals Alibaba and https://t.co/7N9O8mDEDV, reflecting online shoppers’ preference for cheaper products during an uneven economic recovery. https://t.co/LV6QHbYGTa
Shares of Temu parent PDD are trading near their cheapest level due to geopolitical risks and fierce competition in China’s e-commerce sector https://t.co/vrG3cRGVU0
$PDD #recap Everyone Jumping on China Investments Goldman Upgrade gave nice longs Setup: Day2 Setup+Tier 1 Upgrade Long System: Add at open, add more over PDH breakout, roll the lottos all day @TENETTRADEGROUP https://t.co/t4NgQQ0D85
$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 $AMZN $BABA Jack Ma’s Biggest E-Commerce Rival Is Coming for Amazon - BBG https://t.co/HkbsfQpbdg
Jack Ma praised a key rival. A day later, it overtook Alibaba as China's most valuable e-commerce company. https://t.co/ivx30LJoyJ
PDD has become China's TikTok of e-commerce, dethroning the once-invincible Alibaba as China's most valuable e-commerce company. Who would've thunk ... https://t.co/wBYPKdKsOK
A little-known company behind a frighteningly addictive app is outpacing Jack Ma’s Alibaba and earning the celebrity CEO’s praise. Not everyone is convinced. Read The Big Take ⬇️ https://t.co/tiQNqxm2o0
NEW: A little-known company behind a frighteningly addictive app is outpacing Jack Ma’s Alibaba and earning the celebrity CEO’s praise. Not everyone is convinced. Read The Big Take ⬇️ https://t.co/W2js2MQrAT
NEW: A little-known company behind a frighteningly addictive app is outpacing Jack Ma’s Alibaba and earning the celebrity CEO’s praise. Not everyone is convinced. Read The Big Take ⬇️ https://t.co/2zkyAB97o2
NEW: A little-known company behind a frighteningly addictive app is outpacing Jack Ma’s Alibaba and earning the celebrity CEO’s praise. Not everyone is convinced. Read The Big Take ⬇️ https://t.co/xPDi0Sx3b6
NEW: A little-known company behind a frighteningly addictive app is outpacing Jack Ma’s Alibaba and earning the celebrity CEO’s praise. Not everyone is convinced. Read The Big Take ⬇️ https://t.co/rByOdPRlkJ
NEW: A little-known company behind a frighteningly addictive app is outpacing Jack Ma’s Alibaba and earning the celebrity CEO’s praise. Not everyone is convinced. Read The Big Take ⬇️ https://t.co/QUGCGnlIAA
A little-known company behind a frighteningly addictive app is outpacing Jack Ma’s Alibaba and earning the celebrity CEO’s praise. Not everyone is convinced. Read The Big Take ⬇️ https://t.co/3iBk2j9Fn1