2024-06-22 10:08:11 ET
Summary
- PDD Holdings Inc. showcases explosive business growth of over 100% annually, with a very undemanding valuation of just 12x expected net profits.
- PDD Holdings, an underfollowed e-commerce giant, has seen massive revenue growth, especially with the success of its Temu shopping app.
- Despite strong growth and attractive earnings, PDD Holdings faces regulatory risks due to its China ties and potential Western regulatory challenges.
Article Thesis
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PDD: Strong Business Growth Thanks To Temu, Trading At Just 12x Earnings