The analysis is very thorough, 👍👍, truly well thought out, thank you
No spin, no hype: How healthy is PDD with growth down to 2.5%?
This week, $PDD(PDD.US) posted disappointing results, sending the stock down nearly 15%.
For a detailed take, see 'PDD: Old and Arrogant, Now Universally Disliked'. The most glaring issue: ad revenue grew just 2.5% YoY. Despite sector-wide improvement vs. Q4 last year, PDD's ad growth declined QoQ, making it the laggard among e-commerce peers...
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