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Added to YB: 2024-11-01

Pitch date: 2024-09-30

PDD [bullish]

PDD Holdings Inc.

-16.58%

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. 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

$134.22

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:
Baron Global Advantage Fund New Position: PDD Holdings Inc.

PDD: China's 2nd largest e-commerce, 20% mkt share. C2M model, ultra-low prices. Gaining share domestically, expanding globally via Temu (2% global ex-China mkt). Double-digit FCF yield despite Temu losses. Risks: geopolitical tensions. Expect continued growth, efficiency gains, and network effects.

Read full article (1 min)