The so-called ‘de minimis' rule has long allowed items under $800 to be shipped free of tariffs and inspections to the U.S.
The Chinese bargain shopping platform plans to allocate over 100 billion yuan in capital, traffic and other resources to strengthen its e-commerce ecosystem and support merchants.
Chinese e-commerce platform Pinduoduo, which is owned by PDD Holdings , will invest 100 billion yuan ($13.7 billion)over the next three years in transforming and upgrading platform merchants, Pinduoduo said on Thursday.
PDD Holdings reported strong Q4 earnings with a 24% Y/Y revenue growth rate, driven by the success of its Temu platform in overseas markets. Temu's growth has significantly boosted PDD's revenue growth and gross profits, making it the most profitable Chinese large-cap with a 57% gross profit margin. Temu is expected to continue to expand rapidly, which should continue to lead to above-average top-line growth for Pinduoduo.
PDD Holdings Inc. PDD, the parent company of Temu, is flirting with a bullish technical setup despite recent selling pressure.
Chinese stocks have quietly achieved a strong return in 2025, trouncing the general drop in U.S. stocks. The SPDR S&P China ETF NYSEARCA: GXC has returned over 15% year-to-date as of the Mar. 24 close.
PDD Holdings Inc. Sponsored ADR (PDD) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
PDD's mixed Q4 results signal caution. Hold for now or wait for clearer growth indicators in 2025 as ecosystem investments weigh on margins despite attractive valuation.
PDD's Q4-24 revenue and EBIT missed consensus due to lower transaction service revenue, but online marketing service revenue was in line. Despite Temu's slower growth, PDD's domestic e-commerce and grocery delivery business remain strong, supporting a bullish outlook. PDD's valuation is compelling at 8x forward EBITDA, implying $170/share or 35% upside, trading at a discount to peers like BABA and AMZN.
PDD (PDD -3.31%) is one of China's fastest-growing e-commerce companies. In the years since its 2015 founding, it has attracted hundreds of millions of shoppers with its discount marketplace for group purchases.
Shares of PDD Holdings Inc PDD tanked in early trading on Friday, after the company reported downbeat fourth-quarter revenues.
PDD Holdings (PDD 3.98%), a notable operator in global e-commerce, unveiled its financial results for the fourth quarter of 2024 on March 20. The company reported non-GAAP earnings per share (EPS) of $2.76, slightly exceeding the analyst estimate of $2.74.