---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42215605.md"
description: "$PDD(PDD.US)$Alibaba(BABA.US)Irresponsible capital expenditures and price wars pursued by a few company executives for personal performance have created today's distorted market. However, companies like Pinduoduo, which maintain strategic focus and hold large amounts of cash, have been dragged down together. That's because everyone is in the same basket—the China Internet index."
datetime: "2026-06-25T20:00:29.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42215605.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42215605.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42215605.md)
author: "[看我装糖阴他一手](https://longbridge.com/en/profiles/10013152.md)"
---

# $PDD(PDD.US)$Alibaba(BABA.US)Irresponsible capital…


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## Comments (1)

- **新桥哥 · 2026-06-26T01:20:11.000Z**: How can anyone still sing praises for Pinduoduo? I really don't understand, how dare anyone say this kind of garbage company is good?