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Temu's Growth Surge Makes Parent PDD Surpass Alibaba as China's Most Valuable E-Commerce Giant
PDD Holdings Inc (NASDAQ:PDD) and Alibaba Group Holding Limited (NYSE:BABA) have played pivotal roles in China's e-commerce sector. PDD's value-for-money strategy and the growth of its Temu marketplac
'Big Short' Investor Michael Burry Just Made a Big Bet on Gold — and Dumped Tech Giants Alphabet and Amazon
Is Wall Street planning to launch China's Big Eight ETF?
The Big Seven US Technology Companies (Mag7 for short) account for 31% of the total market value of the S&P 500 Index, a record high. At the beginning of March of this year, Bank of America Merrill Lynch released the Chinese version of Mag7: Banking and insurance, operators, telecommunications, and petroleum and coal, led by state-owned enterprises, have been the four high-yield sectors of the Chinese stock market since this year. It can also be viewed as the Chinese version of “Mag 7,” which can be called “YYDS.” Bank of America Merrill Lynch statistics show that from the end of 2013 to the first quarter of this year, the coal sector accumulated more than 300% of total revenue (including dividends), the banking sector reached 110%, and insurance was 72%, far
Alibaba Health Information Technology's Net Profit May Surge -- Market Talk
0645 GMT - Alibaba Health Information Technology is likely to see its net profit surge in the next two years, according to Citi analysts led by John Yung in a research note. Management guided net prof
Alibaba Health Information Technology Target Price Raised to HK$9.50 From HK$8.00 by Citi>0241.HK
Alibaba Health Information Technology Target Price Raised to HK$9.50 From HK$8.00 by Citi>0241.HK
How Temu Parent PDD Dethroned Alibaba to Become China's Most Valuable E-commerce Company
PDD's value-for-money positioning and growth of its Temu marketplace has helped the tech giant lead China's e-commerce arena, analysts said. PDD, which also owns Chinese discount shopping app Pinduoduo has a market-cap of about $208 billion, compared with Alibaba's $196 billion, according to LSEG data. PDD's net income attributable to ordinary shareholders in the March quarter surged 246%, while that of Alibaba plunged 86%.
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DwarfCo : Omg im dead with my calls if we continue this downwards trend
Thelord DwarfCo: How much you bought
102640653 : Hopefully it holds the 76-77 zone as u earlier predicted . Thanks
DwarfCo Thelord: a few thousand dollars worth of calls