PDD Holdings, Temu's parent company, trades near cheapest level due to China's e-commerce competition and geopolitical risks.
Temu's parent company, PDD Holdings, is trading near its cheapest level due to geopolitical risks and intense competition in China's e-commerce sector. Despite a 43% stock surge since March, PDD is trading at 13 times expected earnings for the next year, half the valuation of the Nasdaq 100. Some see the gap as justified given the harsh trade-war rhetoric and potential tariffs affecting the company.
May 28, 2024
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