🧾 $PDD Holdings Inc(PDD)$ Headline NumbersRevenue: ¥95.7B (~$13.2B) → +10% YoYOperating Profit (GAAP): ¥16.1B → -38% YoYNet Income: ¥14.7B (~$2.03B) → -47% YoYNon-GAAP EPS (ADS): ¥11.41 ($1.56) → -45% YoYDespite top-line growth, PDD’s earnings tumbled as the company aggressively ramped up spending — particularly in sales and marketing — to support its merchant ecosystem.📉 What’s Behind the Profit Drop?The most significant driver was a 43% surge in sales and marketing expenses, hitting ¥33.4B (~$4.6B). That spending spike reflects what management calls a deliberate, strategic decision:“We made substantial investments in our platform ecosystem to support merchants and consumers amid rapid changes in the external environment.”— Lei Chen, Chairman and
PDD at $100: Will You Buy or Short After Earnings Miss?
Pinduoduo posted Q1 revenue of RMB 95.67 billion, missing the expected RMB 101.6 billion, leading to a 13% drop yesterday. Will you short or buy the dip of PDD? More pain ahead or a good entry level? Will PDD repeat last August's trend?
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