Pinduoduo Stock Price, News & Analysis

PDD (NASDAQ: PDD) reported substantial financial growth in Q3 2022, with total revenues of RMB35,504.3 million (US$4,991.1 million), up 65% year-over-year. Operating profit soared 388% to RMB10,436.6 million (US$1,467.2 million), while net income attributable to ordinary shareholders surged 546% to RMB10,588.6 million (US$1,488.5 million). Non-GAAP net income also rose by 295% to RMB12,447.2 million (US$1,749.8 million), reflecting strong performance in online marketing and transaction services despite a 31% drop in merchandise sales. Cash and equivalents reached RMB137.8 billion (US$19.4 billion) as of September 30, 2022.

PDD (NASDAQ: PDD) will release its unaudited financial results for Q3 ended September 30, 2022, before U.S. markets open on November 28, 2022. Management will host an earnings call at 7:30 AM ET on the same day, which will be available for live webcast and replay. The company focuses on enhancing digital commerce to benefit local communities and small businesses by providing increased productivity and opportunities.

Temu, backed by PDD Holdings, is launching its early Christmas shopping campaign, offering a wide range of holiday merchandise at competitive prices. With items starting as low as $0.99 and over 250 categories available, Temu is committed to making holiday shopping convenient for consumers. The platform features sections for Christmas decorations, accessories, and clothing, enhancing product navigation. PDD Holdings supports Temu with its extensive manufacturing network, emphasizing consumer insights in production.

Research by Strategy Analytics reveals that smartphone sales during China's 11.11 shopping festival reached 9.0 million units, declining 35% year-on-year (YoY). Despite this slump, Apple remained the leader, selling nearly 3.5 million iPhones and generating 25.1 billion CNY (US$ 3.5 billion) in revenue. In contrast, total online smartphone sales revenue dropped 29% to 36.8 billion CNY (US$ 5.2 billion). Xiaomi and Honor rounded out the top three, with Xiaomi especially strong in the entry and mid-tier segments.

Temu, an online marketplace under PDD Group, enhances consumer experience by increasing transparency regarding sellers and delivery schedules. This includes details like store performance, consumer bookmarks, and reviews to assist purchasing decisions. The platform offers a unique day-by-day historical delivery breakdown and provides $5 credits for late shipments, setting a new industry standard. Launched in September 2022, Temu caters to consumers valuing quality and affordability, leveraging PDD Group's extensive supplier and logistics network.

FXCM Group has released its September trading data, revealing significant trading activity in Single Share CFDs and Stock Basket products.

Tesla leads the trading volume, followed by Pinduoduo (PDD) and Apple. Chinese EV companies like Nio and Xpeng remain popular, indicating strong interest in this sector.

In Stock Baskets, FAANG stocks dominate, with Biotech and China Tech showing increased interest. However, the Crypto Stock Basket fell out of the top three for the first time since April, reflecting changing trader sentiment amidst high volatility.

Groupe SEB reported a resilient performance in 2022, despite economic challenges including inflation and the Ukraine conflict. Nine-month sales totaled €5,560m, reflecting a slight decline of 0.2%, influenced by high comparisons from 2021. The Operating Result from Activity (ORFA) was €319m, down from €528m in 2021, with a revised full-year revenue guidance of around €7.9 billion. Notably, strong sales performance in China contrasted with declines in France and Germany, which faced market contractions and specific operational challenges. The Group plans a consolidation in the DACH region to enhance competitiveness.

Temu, an online marketplace, is introducing a $5 credit for customers whose deliveries are late, marking a first for major e-commerce platforms. The marketplace provides estimated delivery times and tracking options, enhancing customer transparency. This initiative aligns with the peak shopping season and complements Temu's new Christmas gift guide, featuring diverse products. Temu operates under PDD, benefiting from its extensive supplier network and fulfillment capabilities.