$PDD Holdings(PDD.US)$'s Temu faces allegations of operating as a data-theft business masquerading as an online marketplace, accused of deceiving users by offering low-priced goods while surreptitiously collecting extensive personal data. The lawsuit claims Temu bypasses privacy settings to access cameras, location, messages, and biometric information on devices, allegedly selling this data to third parties without consent. It's also accuse...
$PDD Holdings(PDD.US)$Temu's global expansion strategy is at a critical juncture, with its market potential and profitability prospects drawing significant attention. Morgan Stanley believes the platform could achieve profitability as early as 2025, with substantial GMV growth potential, possibly reaching $130 billion by 2030. $Pinduoduo Concept(LIST0724.SH)$$BABA-SW(09988.HK)$$JD-SW(09618.HK)$
Market Growth: Between May 20 and June 3, Chinese e-commerce platforms saw double-digit YoY growth in daily active users. Simplified Sales: Platforms simplified 618 shopping festival sales, eliminating pre-sale segments and offering early discounts, boosting GMV in May. Platform Performance: Taobao Tmall ($BABA-SW(09988.HK)$): 370,000 small and medium-sized merchants more than doubled GMV YoY on...
In the earnings call, they stated they are not overly focused on performance fluctuations and welcome healthy competition, emphasizing compliance capabilities for overseas operations. This marks the fifth consecutive quarter where Pinduoduo has outperformed market expectations. Q1 saw transaction services revenue surge 327% to $44.36 billion, surpassing online marketing to become the largest revenue source. Pinduoduo indica...
David Tepper’s Appaloosa Management more than doubled its investment in Alibaba$Alibaba(BABA.US)$in the first three months of the year, making the Chinese e-commerce giant the biggest position in its $6.7 billion equity portfolio. The fund also raised its stakes in$PDD Holdings(PDD.US)$and$Baidu(BIDU.US)$, while adding$JD.com(JD.US)$and two Chinese ETFs as new buys during the quarter. At the same time, Tepper scaled back on companies including$JD.com(JD.US)$and two electronic vehicl...
$Alibaba(BABA.US)$ $ALIBABA GROUP HOLDING LTD(BABAF.US)$ $BABA-SW(09988.HK)$ $Pinduoduo Concept(LIST0724.SH)$ $PDD Holdings(PDD.US)$ $Amazon(AMZN.US)$
The lawsuit claims Temu bypasses privacy settings to access cameras, location, messages, and biometric information on devices, allegedly selling this data to third parties without consent. It's also accuse...
$Pinduoduo Concept(LIST0724.SH)$ $BABA-SW(09988.HK)$ $JD-SW(09618.HK)$
...
$ALIBABA GROUP HOLDING LTD(BABAF.US)$ $Alibaba(BABA.US)$ $BABA-SW(09988.HK)$ $JD-SW(09618.HK)$ $JD.com(JD.US)$ $PDD Holdings(PDD.US)$ $Pinduoduo Concept(LIST0724.SH)$
Simplified Sales: Platforms simplified 618 shopping festival sales, eliminating pre-sale segments and offering early discounts, boosting GMV in May.
Platform Performance:
Taobao Tmall ( $BABA-SW(09988.HK)$ ): 370,000 small and medium-sized merchants more than doubled GMV YoY on...
- Pinduoduo's 2023 GMV: ¥4.05 trillion.
- Douyin E-commerce's 2023 GMV: Approximately ¥2.7 trillion (though initially reported as ¥2.2 trillion, the higher figure includes contributions from "product cards").
- Douyin E-commerce's 2024 GMV Target: ¥4 trillion, nearly a 50% increase from 2023.
Comparison with Major E-commerce Players:
- Alibaba's 2023 GMV: ¥7.2 trillion.
- Pinduoduo's 2023 GMV: ¥4.05 trillion.
Strategic Moves:
- Price...
This marks the fifth consecutive quarter where Pinduoduo has outperformed market expectations. Q1 saw transaction services revenue surge 327% to $44.36 billion, surpassing online marketing to become the largest revenue source. Pinduoduo indica...
The fund also raised its stakes in $PDD Holdings(PDD.US)$ and $Baidu(BIDU.US)$ , while adding $JD.com(JD.US)$ and two Chinese ETFs as new buys during the quarter.
At the same time, Tepper scaled back on companies including $JD.com(JD.US)$ and two electronic vehicl...
$Alibaba(BABA.US)$ $BABA-SW(09988.HK)$ $JD-SW(09618.HK)$ $JD.com(JD.US)$ $PDD Holdings(PDD.US)$ $Pinduoduo Concept(LIST0724.SH)$ $MEITUAN-W(03690.HK)$ $Meituan ADR(MPNGY.US)$ $Global X MSCI China Consumer Discretionary ETF(CHIQ.US)$
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