PDD - Alibaba And Pinduoduo Are Banking On ESG

• The representative ETFs of Chinese companies outperformed their U.S. counterparts in the past week despite the lingering Evergrande debt crisis and power shortage that affected a large swathe of China.
• Judging by the share price action of TCOM, shareholders could have been bracing for a greater impact on travel due to the recent outbreaks and cheered the better-than-expected data release.
• The momentum is clearly growing among public and private investors for impact and sustainable investments.
• Alibaba Group and Pinduoduo have demonstrated strong commitments and plans on ESG, making them attractive for ESG investors and inclusion into ESG funds, a catalyst for their beleaguered stocks.

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