Professional
Added to YB: 2024-10-23
Pitch date: 2024-09-30
PDD [neutral]
PDD Holdings Inc.
-33.3%
current return
Author Info
No bio for this author
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
$837.7B
Pitch Price
$134.22
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.06
P/E
9.12
EV/Sales
0.92
Sector
Broadline Retail
Category
N/A
Baron Emerging Markets Fund Portfolio Holding - PDD Holdings Inc.
PDD (reduced position): China's #2 e-commerce platform & Temu owner. Q2 revenue miss but solid profits. Mgmt's bearish outlook, misaligned strategies & withheld shareholder returns despite strong cash position raised governance concerns. Position reduced due to risks despite outperforming peers & Temu's improving financials.
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