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PDD: Untapped Growth Engine With Hidden Cash Potential
PDDPDD(PDD) Seeking Alpha·2024-06-15 13:17
Robert Way Unlike several peers in the Chinese tech space, shares of PDD holdings (NASDAQ:PDD) have continued to show strong momentum on the back of fast-growing operations, while maintaining a relatively low multiple due to geopolitical risks. In this article, I explain why I like PDD while acknowledging the high-risk profile of an investment in this name. Fast Growth and Compounding Power A characteristic of Pinduoduo’s business (its core holding, followed by Ireland-based Temu) that should not be und ...