---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/41900050.md"
description: "A quarter has accounted for the entire year's expenses, so theoretically, the current 16x dynamic P/E is inflated, and the long-term maintained 8x is the real one. Moreover, the overseas business is also expanding. The only point to consider is the China concept stocks, and its name is PDD, always thinking about how to stab shareholders in the back.The main reason is non-operating losses. The gap of about 6 billion yuan stems from other income turning from positive to negative, and the fluctuation in the fair value of financial assets is not due to problems in the main business. After excluding non-operating factors, the core operating profit actually increased by 22% year-on-year.On the traffic side, monthly visits have reached 1.34 billion times, with unique visitors exceeding 360 million, second only to Amazon, firmly ranking second globally. On the monetization side, transaction service revenue, including Temu, grew by 20% year-on-year.$PDD(PDD.US)"
datetime: "2026-06-16T01:57:55.000Z"
locales:
  - [en](https://longbridge.com/en/topics/41900050.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/41900050.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/41900050.md)
author: "[奇迹的交易员cola](https://longbridge.com/en/profiles/10743314.md)"
---

# A quarter has accounted for the entire year's expe…


### Related Stocks

- [PDD.US](https://longbridge.com/en/quote/PDD.US.md)
- [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md)
- [AMZU.US](https://longbridge.com/en/quote/AMZU.US.md)

## Comments (33)

- **Ledavinci · 2026-06-16T02:00:07.000Z · 👍 8**: This is the so-called "good company doesn't necessarily make a good investment target"?
  - **奇迹的交易员cola** (2026-06-16T02:00:44.000Z): Yes
  - **复利践行者** (2026-06-16T04:51:39.000Z): I don't think PDD is a good company yet; it lacks innovation, doesn't benefit its employees, and doesn't take on social responsibility.
  - **第一性原理** (2026-06-16T06:22:14.000Z): Dongda people's virtue is not to bear social responsibility, Pinduoduo has no goodwill
- **心外无物g · 2026-06-16T13:17:54.000Z · 👍 1**: No wonder no one even looks at Chinese concept stocks, can't blame Wall Street either
- **卖飞小能C · 2026-06-16T11:15:23.000Z**: Whenever there's good news, they take a cut from the clients; I've been tricked once before.
- **Clement/ · 2026-06-16T08:58:05.000Z**: Is it possible that the real reason is that it was suppressed by the stock god?
- **Pai · 2026-06-16T06:47:04.000Z**: Right
- **炒股小萌新 · 2026-06-16T06:08:05.000Z · 👍 3**: Cola bro, take a look at GPT's insight: Tencent, its founders, core shareholders, and large institutional funds do not have the same set of gaming rights as ordinary retail investors. What you buy is a secondary market certificate; they may possess strategic positioning, negotiation power, informati
- **美股第一韭菜 · 2026-06-16T06:07:40.000Z**: So, is Cola bullish on Pinduoduo's future growth? 🤔
- **阿米巴星人 · 2026-06-16T03:48:33.000Z · 👍 1**: It's a good business, but the top management is not good.
- **FreeBird2025 · 2026-06-16T03:24:33.000Z · 👍 1**: National regulators should severely penalize Pinduoduo.
  - **标普500拯救世界** (2026-06-16T04:23:03.000Z): Do you think it's possible that this cash was specifically prepared for fines?
  - **FreeBird2025** (2026-06-16T04:28:35.000Z): European fines are much harsher than domestic ones. Anyway, the money is earned from the Chinese people. It's better to pay the fines to our own country than to overseas countries.
- **蟹老板的交易员 · 2026-06-16T02:33:09.000Z · 👍 1**: Sold it after holding for a year, right before the earnings report... really disgusting
  - **离异带三娃** (2026-06-16T02:36:57.000Z): So smart
  - **蟹老板的交易员** (2026-06-16T03:34:06.000Z): At that time, the news about the control of US and Hong Kong stocks broke out before the market opened on Friday, and I sold it right when it had just plunged.
- **炒股小萌新 · 2026-06-16T02:25:52.000Z · 👍 2**: Don't touch China concept stocks, it's practically a middle-class trap.
- **韩跑跑的交易员Luka · 2026-06-16T02:10:21.000Z · 👍 5**: The profits of Temu sellers are hard to describe in a few words.
  - **奇迹的交易员cola** (2026-06-16T02:17:33.000Z): Think about it the other way around, how much profit has the platform taken? 😅
  - **跟顾神反着买** (2026-06-16T03:21:32.000Z): In 🇨🇳, you can't be the richest person, otherwise it's "Grandpa wants it," so that explains a lot of reasons for Duoduo (Pinduoduo).
  - **红方投资** (2026-06-16T05:45:50.000Z): How far is he from being the richest person?
- **瑞瑞躺平致富 · 2026-06-16T02:00:20.000Z · 👍 5**: The corporate culture of this company is fundamentally flawed.