This year, Pinduoduo s market value surpassed that of Alibaba

Mondo Technology Updated on 2024-01-19

Everyone didn't expect that under the battle between the two giants of Ali and JD.com, a third e-commerce platform could rise

Everyone didn't expect that the third platform that rose, Pinduoduo, would surpass Ali Jingdong in market value.

Today, Pinduoduo has become the first place in the best value of the Chinese system!

The reason for its recent stock price is that Pinduoduo handed over a "terrifying" third-quarter earnings report.

In the third quarter, Pinduoduo's revenue increased by 94% year-on-year, and net profit also increased by 47%.

But what's even more terrifying is that the domestic e-commerce business is not the most eye-catching in Pinduoduo's financial report.

Pinduoduo's financial report has a project called "transaction fee income", in which the business is mainly dedicated to overseas temu, and the community ** Duoduo to buy food, this figure has increased by more than 300%.

It seems that people all over the world are the same, as long as it is cheap enough, everyone flocks to it.

Temu's rise overseas, just like Pinduoduo's growth from Ali's JD.com.

It's a reenactment of history.

The number of active users of temu was no more than 6 million in October last year, and today, temu's app has been **200 million times, with 1200 million people opened the app.

Today, temu's business has reached more than 40 countries and regions in North America, Europe, Australia, Asia, etc.

Of course, Ali is definitely not convinced, and will think that there are many reasons why the market value is not as good as Pinduoduo, its own stock price has fallen too much, the valuation logic is wrong, and so on.

But users' support for Pinduoduo is really simple:

Goldman Sachs estimates that Pinduoduo's trading volume may have increased by 20% during the just-concluded 11.11 shopping festival, while its competitors may have seen only single-digit growth.

In this year's "Double 11", how to provide consumers with lower-priced products has become the focus of competition on major e-commerce platforms.

In addition, although Pinduoduo and Alibaba are the "main battlefield" in China, the growth of overseas business and its impact have become more and more obvious.

Now, there are two things that everyone is most concerned about in Pinduoduo:

First, how long can Pinduoduo's high revenue and profit growth trend be maintained?

Second, what stage can the overseas business develop in the next two quarters?

Capital is looking forward to more stories to be told by Pinduoduo in the future.

But there's no denying that times have changed for the e-commerce industry.

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