BABA - Pinduoduo: Attractive If Growth Would Be Able To Sustain After Cutting Marketing Expenses
- Pinduoduo has at least 50-100% upside in the next two years.
- A Key question is whether customer will leave the platform after Pinduoduo cutting marketing expenses.
- Pinduoduo is trying to differentiate itself by focusing on agriculture.
- “Common Prosperity” fear is overblowing.
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Pinduoduo: Attractive If Growth Would Be Able To Sustain After Cutting Marketing Expenses