(Bloomberg)-PDD Holdings Inc. After Temu's owner reported an increase in profits faster than expected by 18 %, which led to investor concerns about the work of an exhibition of American definitions and the intensification of local competition.
Most of them read from Bloomberg
The stock achieved 4 % in New York, although the e -commerce company has reported revenue less than 110.6 billion yuan ($ 15.3 billion) for the quarter of December. The net income rose to the stronger than expected 27.4 billion yuan.
The results of PDD come at a time of increased uncertainty about its work local and abroad, which helped reduce expectations. TEMU is struggling with the high US tariff for Chinese products and a potential closure of a tax gap for small value parcels. At the local level, PDD warned of competition since August and expected that her profit would go down over time.
The Mooreghan Stanley analysts wrote, adding that the shares were trading in only 11 times of 2025 profits expected 2025 profits expected in 2025 of the expected profits 2025 of the profits: “The” profit win “must help restore market confidence in the profit expectations for 2025”. “Because of the accumulated tariffs on TEMU and the competition in EC, this year's market expectations are not high.”
However, executive officials admitted on Thursday the challenges caused by global uncertainty and said that intense competition also affected short -term growth. They repeated their support for the merchants and efforts to enhance the consumer experience.
“As mentioned in the previous chapters, our great investment in the ecosystem, along with the changing external environment to compete for the short -term financial statements, will affect.”
In contrast, I reported Rivals JD.com Inc. And alibaba Group Holding Ltd. For better sales of characters for December quarter, when Beijing has increased policies such as subsidies and trade incentives to enhance spending. The government gave priority to expanding domestic demand, as the country seeks to compensate for the influence of US President Donald Trump's tariff and achieve a growth goal of about 5 %.
On Thursday's report “lacked any bright point,” JP Morgan and Alex Yao analysts wrote in a note, which cited archeology on both transactions and online marketing service revenues.
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