Alibaba Rival PDD's Explosive Growth Continues, Revenue More Than Doubles
Alibaba Rival PDD's Explosive Growth Continues, Revenue More Than Doubles
PDD Holdings Inc (NASDAQ:PDD) reported fiscal first-quarter 2024 revenue growth of 131% year-on-year to $12.02 billion (86.81 billion Chinese yuan), beating the analyst consensus estimate of $10.65 billion.
PDD控股公司（纳斯达克股票代码：PDD）报告称，2024财年第一季度收入同比增长131％，达到120.2亿美元（868.1亿元人民币），超过了分析师共识估计的106.5亿美元。
The Chinese online retailer's adjusted earnings per ADS of $2.83 (CNY20.72) increased from CNY6.92 Y/Y, beating the analyst consensus estimate of $1.42.
这家中国在线零售商调整后的每股ADS收益为2.83美元（人民币20.72元），高于分析师普遍预期的1.42美元，高于分析师普遍预期的1.42美元。
Revenues from online marketing services and others rose 56% Y/Y to $5.88 billion.
在线营销服务和其他服务的收入同比增长56％，达到58.8亿美元。
Also Read: Why Are Chinese Stocks Including Baidu, JD And Others Trading Lower Tuesday?
另请阅读：为什么包括百度、京东等在内的中国股票周二下跌？
Revenues from transaction services jumped 327% Y/Y to $6.14 billion.
交易服务收入同比增长327％，达到61.4亿美元。
The Alibaba Group Holding Limited (NYSE:BABA) rival posted an adjusted operating profit of $3.95 billion, up 237% Y/Y.
阿里巴巴集团控股有限公司（纽约证券交易所代码：BABA）的竞争对手公布调整后的营业利润为39.5亿美元，同比增长237％。
Pinduoduo held $33.5 billion in cash and equivalents as of March 31, 2024, and generated $2.92 billion in operating cash flow.
截至2024年3月31日，拼多多持有335亿美元的现金及等价物，创造了29.2亿美元的运营现金流。
Mr. Jiazhen Zhao, Executive Director and Co-CEO of PDD Holdings said, "We will focus our efforts on improving the overall consumer experience, strengthening our supply chain capabilities, and fostering a healthy platform ecosystem."
PDD Holdings执行董事兼联席首席执行官赵家振先生表示：“我们将集中精力改善整体消费者体验，加强供应链能力，培育健康的平台生态系统。”
The stock gained 131% in the last 12 months. Investors can gain exposure to the stock via ProShares Online Retail ETF (NYSE:ONLN) and Invesco China Technology ETF (NYSE: CQQQ).
该股在过去12个月中上涨了131％。投资者可以通过ProShares在线零售ETF（纽约证券交易所代码：ONLN）和景顺中国科技ETF（纽约证券交易所代码：CQQQ）获得股票敞口。
Price Action: PDD shares traded higher by 5.14% at $152.92 at the last check on Wednesday.
价格走势：在周三的最后一次支票中，PDD股价上涨5.14％，至152.92美元。
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照片来自 Shutterstock