Added to YB: 2024-09-19
Pitch date: 2024-09-17
PDD [neutral]
PDD Holdings Inc.
-14.8%
current return
Author Info
@TechFundies has been a tech investor for over 20 years and ran a $1b hedge fund for 10 years. Follow on Twitter.
Company Info
PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. The company operates Pinduoduo platform, which provides various product categories and interactive shopping experiences; and Temu, an online platform, which enables merchants to streamline their manufacturing and commercial operations.
Market Cap
$801.2B
Pitch Price
$98.29
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.70
P/E
8.72
EV/Sales
0.84
Sector
Broadline Retail
Category
growth
PDD's Secret Sauce in Fast-Paced E-Commerce
PDD (info from former employee): Ex-employee: Secretive culture, fast-moving. Temu rev $33.6b (+80% YoY), GM 65% (+30% YoY) on semi-mgmt model. US 50% of biz. Merchant pushback on refund fines. AMZN copying Temu model. Strong in US, competitors in small mkts. Gov't support. Future: PDD & Douyin dominate, BABA/JD/Meituan decline.
Read full article (2 min)