Our fair value estimate for PDD is USD 105, translating to a price/non-GAAP EPS of 19 times in 2023. We forecast PDD’s GMV to rise by a CAGR of 10% in the next decade, driven by agriculture GMV ...

Chinese e-commerce firm PDD Holdings PDD.O saw first-quarter net profit fall 47% to 14.74 billion yuan ($2.05 billion) as its domestic platform suffered from intense local competition and its ...