Findudududu's overseas expansion platform is

Compared to new listings and AI themes, domestic interest seems to be relatively low, but what are domestic beneficiaries

Courier, payment, packaging, killer product vendor in Temu, etc?

=======================

Attack of Pinduoduo (PDD) (ft. Overseas expansion)

- China's leading low-cost platform Pinduoduo's Q3 results are reported.

- Revenue was RMB68.8 billion, 26% above estimates of RMB54.9 billion, and about RMB13.9 billion, while EPS per share was RMB11.6%, above consensus by 32%.

- As a result, the stock surged 18% to hit a 52-week high, with a market cap of $183.4 billion, close to Alibaba ($195.2 billion).

-We pay attention to overseas market expansion as the reason why our performance exceeded expectations significantly. Although the company has not yet disclosed overseas sales separately, the performance surprise is likely to have occurred overseas in an environment where domestic sales in China are high.

-Findudududu's overseas expansion platform is TEMU. We are currently in 40 countries around the world, and we have entered Korea following AliExpress.

-In the performance briefing, Pinduoduo announced that his entry into overseas markets is only the beginning, and that he will take advantage of the superiority of the supply chain to satisfy the diverse consumer demands of more countries.

-In an environment where the penetration rate of Chinese domestic market platform is high, Chinese companies that succeed in expanding overseas markets can receive value premiums. Currently, TikTok, Shein, and Temu are accepted as success stories.