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Added to YB: 2024-02-06

Pitch date: 2024-02-06

PDD [bullish]

PDD Holdings Inc.

-9.76%

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

$124.07

Price Target

N/A

Dividend

N/A

EV/EBITDA

7.93

P/E

12.01

EV/Sales

1.82

Sector

Broadline Retail

Category

value

Show full summary:
Greenwood Investors new position - PinDuoDuo ($PDD)

PDD: Disruptive China marketplace uninvestable for West due to no guidance/investor talks, erratic earnings. Diligence validated direct-selling edge; Temu startup losses temporary from heavy digital ads but overtaking Shein globally. Bought PDD at negative Temu valuation on China pessimism.

Read full article (2 min)