$PDD Holdings (PDD.US)$reported Q3 revenue of RMB 99.35 billion, up 44% YoY, and net profit of RMB 24.998 billion, up 61% YoY but down 22% QoQ. Commission income surged 72% to RMB 50 billion. Co-CEO Zhao Jiazhen acknowledged that operational limitations and historical team constraints have created disadvantages compared to peers, which are expected to persist for some time. He emphasized the importance of long-term ecological ...
China's debt, demographic and deflationary issues remain difficult, especially the cycle of debt and deflation remains problematic, with the poor performance of consumption stimulus measures, Morgan Stanley released a research report saying. Morgan Stanley believed that the e-commerce sector in China will still face much uncertainties in the next 2 years as the rebound in the China market has passed...
U.S.-listed Chinese companies and ETFs saw significant gains Thursday following reports of new economic support measures from Beijing. Key Developments Stimulus Plan: Beijing plans to inject around $140 billion into its largest state banks to bolster the economy, marking its first major move since the 2008 financial crisis. Fiscal Support: China’s leaders are committed to fiscal spending aimed at reviving the housing market and stab...
$PDD Holdings (PDD.US)$ $Pinduoduo Concept (LIST0724.SH)$ $Microsoft (MSFT.US)$ $ByteDance (FT0001)$
Co-CEO Zhao Jiazhen acknowledged that operational limitations and historical team constraints have created disadvantages compared to peers, which are expected to persist for some time. He emphasized the importance of long-term ecological ...
This will coincide with the 11.11 SinglesDay shopping event that typically marks the highlight of retail spending in the country.
$BABA-W (09988.HK)$ $Alibaba (BABA.US)$ $MEITUAN-W (03690.HK)$ $Pinduoduo Concept (LIST0724.SH)$ $PDD Holdings (PDD.US)$ $JD-SW (09618.HK)$ $JD.com (JD.US)$
Morgan Stanley believed that the e-commerce sector in China will still face much uncertainties in the next 2 years as the rebound in the China market has passed...
$Pinduoduo Concept (LIST0724.SH)$ $KraneShares CSI China Internet ETF (KWEB.US)$
Domestic gasoline prices fell 2.9% m/m. Fuel vehicle prices dropped by 6.1% y/y, NEVs down 6.9%.
Travel season ended, flight tickets and hospitality dropped 14.1% and 5.6% y/y respectively.
Pork prices rise by 16.2% y/y, +0.1 PPS vs Aug.
$Global X MSCI China Consumer Discretionary ETF (CHIQ.US)$ $NASDAQ Golden Dragon China (.HXC.US)$ $BABA-W (09988.HK)$ $MEITUAN-W (03690.HK)$ $Pinduoduo Concept (LIST0724.SH)$ $PDD Holdings (PDD.US)$ $BYD Company Limited (002594.SZ)$ $BYD COMPANY (01211.HK)$
Global e-commerce sales are expected surpass $8T & account for ~30% of total retail sales by 2027 -- let's take a look at where the top companies stand based on 2025 FCF
$Sea (SE.US)$ $Shopify (SHOP.US)$ $MercadoLibre (MELI.US)$ $Global-E Online (GLBE.US)$ $Amazon (AMZN.US)$ $Coupang (CPNG.US)$ $Pinterest (PINS.US)$ $Etsy Inc (ETSY.US)$ $Alibaba (BABA.US)$ $BABA-W (09988.HK)$ $Pinduoduo Concept (LIST0724.SH)$ $PDD Holdings (PDD.US)$
Key Developments
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