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Added to YB: 2026-08-25

Pitch date: 2026-08-21

PDD [bullish]

PDD Holdings Inc.

-4.26%

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

$845.7B

Pitch Price

$90.94

Price Target

N/A

Dividend

N/A

EV/EBITDA

3.86

P/E

9.54

EV/Sales

N/A

Sector

Broadline Retail

Category

value

Show full summary:
New Idea: Pinduoduo (PDD)

PDD: China e-commerce (Pinduoduo/Temu) at <$90, ~$40-50/share net cash, $8 FCF/share = 6.25x FCF, 16% yield. Asset-light, negative working capital funds growth, 20-30% margins, high ROIC. Went 0 to ~20% China e-comm in 11yrs, took share from Alibaba; US ~$50B GMV. Early buy, work ongoing.

Read full article (3 min)