Hi everyone, this is Cissy from Hong Kong.When I was preparing for the earnings results of PDD Holdings on Tuesday, I noticed that its market cap was
Source: nikkei.com
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HONG KONG -- For a brief moment on Wednesday, China's e-commerce king lost its crown as the most valuable Chinese company listed in the U.S.Alibaba's
Source: nikkei.com
PDD (NASDAQ:PDD) Announces Earnings Results, Beats Estimates By $2.67 EPS
PDD (NASDAQ:PDD – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $11.61 EPS for the quarter, beating the consensus estimate of $8.94 by $2.67, MarketWatch Earnings reports. The company had revenue of $68.84 billion for the quarter, compared to the consensus estimate of $55.18 billion. PDD had a net margin […]
Source: modernreaders.com
Alibaba set to lose no. 1 ecomm player spot to PDD
The once-inconceivable shift reflects the turmoil that engulfed Alibaba after Beijing in 2020 targeted the company and its once-outspoken co-founder, kicking off a sweeping crackdown on the powerful tech sector. It also signals the rise of a generation of upstarts from PDD to ByteDance, which are disrupting the traditional arenas of social media and e-commerce.
Source: indiatimes.com
Alibaba shares slip after report on Jack Ma wanting change
Alibaba shares fell 3% in premarket trade, as the Financial Times reported that company founder Jack Ma wrote on an internal forum that the internet giant...
Source: marketwatch.com