I see reaction of many stocks in Q3 ER were weird.
Pull back is the gift for shopper.
This Black Friday , You can buy high growth stock like China e-commerce => Pinduoduo
The fastest growing player who steal market share of JD and Alibaba for couple years.
This quarter is guaranteed that the company turn to profitable for 2 consecutive quarters.
With less spending of marketing expense , company is still growing at rate 55% YoY ( excluding 1P merchandise sales )
While Alibaba growth / JD growth were decline to rate ~ 25%
Pinduoduo occupies market share of tier 3-4-5 cities in China. Expect Xi’s common prosperity raise GDP of poor population in lower tier cities faster than urban.
5Years pictures !!!
Long runway here !
Holdddddd
Pull back is the gift for shopper.
This Black Friday , You can buy high growth stock like China e-commerce => Pinduoduo
The fastest growing player who steal market share of JD and Alibaba for couple years.
This quarter is guaranteed that the company turn to profitable for 2 consecutive quarters.
With less spending of marketing expense , company is still growing at rate 55% YoY ( excluding 1P merchandise sales )
While Alibaba growth / JD growth were decline to rate ~ 25%
Pinduoduo occupies market share of tier 3-4-5 cities in China. Expect Xi’s common prosperity raise GDP of poor population in lower tier cities faster than urban.
5Years pictures !!!
Long runway here !
Holdddddd