Temu, Pinduoduo parent PDD trades near cheapest level ever as tech war, Alibaba rivalry deter investors
Shares of Temu parent PDD Holdings are being held back by geopolitical risks and fierce competition in China’s e-commerce sector. Granted, it US-listed stock has surged 43 per cent from a March low, but it is still trading at just 13 times expected earnings for the next year. That is half the valuation of the … Read more
