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Added to YB: 2024-09-19

Pitch date: 2024-09-17

PDD [neutral]

PDD Holdings Inc.

+13.91%

current return

Author Info

@TechFundies has been a tech investor for over 20 years and ran a $1b hedge fund for 10 years. Follow on Twitter.

Company Info

PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. It operates Pinduoduo platform which provides various product categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverages, consumer electronics, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness, and auto accessories; and Temu, an online platform, which enables merchants to streamline their manufacturing and commercial operations.

Market Cap

$1.2T

Pitch Price

$98.29

Price Target

N/A

Dividend

N/A

EV/EBITDA

7.93

P/E

12.01

EV/Sales

1.82

Sector

Broadline Retail

Category

growth

Show full summary:
PDD's Secret Sauce in Fast-Paced E-Commerce

PDD (info from former employee): Ex-employee: Secretive culture, fast-moving. Temu rev $33.6b (+80% YoY), GM 65% (+30% YoY) on semi-mgmt model. US 50% of biz. Merchant pushback on refund fines. AMZN copying Temu model. Strong in US, competitors in small mkts. Gov't support. Future: PDD & Douyin dominate, BABA/JD/Meituan decline.

Read full article (2 min)