with such +ve % gains, not surprising for pdd price to shoot...
with such +ve % gains, not surprising for pdd price to shoot up. need a lot of effort to sustain this till year end esp when china economy recovery Subject is mentioned. I'm optimistic on this, keeping fingers crossed many other Chinese adr's can follow suit.
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egan1 : Their core business is solid, but i have doubts about some of their recent investments, i.e., temu.com. They're definitely subsidizing money losing ventures, some of which I'm not sure will be able to flip to profitability even at scale. All in a difficult time for the Chinese consumer. I'm very curious to see if this growth continues next quarter.
moneyworkhardOP : risk taking is common for them, only time can tell.