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PDD Holdings - The Best Bet On Christmas Shopping
PDDPDD(PDD) Seeking Alpha·2023-12-30 09:39

Robert Way/iStock Editorial via Getty Images PDD Holdings (NASDAQ:PDD), the owner of Temu, is visibly trying to make its fourth quarter 2023 earnings the best in its history. Upping ad spend over the Christmas Season, it is investing heavily in growth. Temu ads were all over social media during the holidays, with massive sums of money being spent on Google (GOOG) and Meta (META) spots. Furthermore, the spending is set to continue, with PDD planning yet another Superbowl spot in 2024. It’s for this reason ...