Reported about 1 month ago
Recent market fluctuations have raised concerns about the competitive landscape among China's major e-commerce players: Alibaba, JD.com, and PDD Holdings. PDD, which runs budget-focused platforms Pinduoduo and Temu, has seen impressive revenue growth but faced a stock market dip following a quarterly earnings miss, leading to questions about the sustainability of low-price consumption in China. While PDD has better operating margins due to its lean business model, competitors are enhancing their value propositions to retain market share.
Source: YAHOO