[New post] China Galaxy: Pinduoduo Inc – ADD TP US$106 (Previous US$138)

alanyeo posted: " Short-term pressure but long-term potential ■ PDD's 1Q22 revenue was Rmb23.8bn, up 7% yoy, slightly below our expectation,mainly because it largely reduced its 1P business. PDD achieved a non-GAAP net profitof Rmb4.2bn for the quarter, in line with ou" Alpha Edge Investing China Galaxy: Pinduoduo Inc – ADD TP US$106 (Previous US$138) alanyeo May 31 Short-term pressure but long-term potential ■ PDD's 1Q22 revenue was Rmb23.8bn, up 7% yoy, slightly below our expectation,mainly because it largely reduced its 1P business. PDD achieved a non-GAAP net profitof Rmb4.2bn for the quarter, in line with our expectation.■ Given its already very large user base, PDD will focus on improving its services toexisting […] Read more of this post Comment Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://alphaedgeinvesting.com/2022/05/31/china-galaxy-pinduoduo-inc-add-tp-us106-previous-us138/ Powered by WordPress.com