PDD shares soothes the worst trading fears that climb after earnings

(Bloomberg) – PDD Holdings Inc. Shares climbing by the Temu owner, increased more than expected, greater gains than expected, increased concerns about investors’ sensitive work on US tariffs and strengthening local competition.

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Although the e-commerce company december 110.6 billion yuan ($ 15.3 billion) less than expected from the expected of 110.6 billion yuan ($ 15.3 billion), the shares in New York won 4%. The net income was stronger than the expected 27.4 billion yuan.

The results of PDD come in the period of increasing uncertainty about the work that helps them lower expectations, both local and abroad. Temu fights Temu with the potential closure of the tax cavity for Temu, Chinese products and smaller valuable parcels. Inland, PDD has warned competition since August and its profitability will be reduced in time.

“The earnings Beat should help restore the market confidence in the 2025 gain worldview,” Morgan Stanley analysts said the shareholder traded only 11 times a total of 2025 profit. “Temu and EC are not high market expectations for the year due to the tariff of the competition tariff.”

Again, the executors of Thursday, global uncertainty acknowledged the difficulties of increasing and the intense competition also affected short-term growth. They repeated their support for merchants and efforts to increase the consumer experience.

“As noted in the previous quarters, an important ecosystem investment, which combines a selfless foreign environment and intensified competition, will affect short-term financial documents,” Chairman and CEO Chen Lei called analysts.

On the contrary, Rivals JD.com Inc and Alibaba Group Holding Ltd., better predicted sales for the December Quarter, Raxed policies such as subsidy and trade promoters to increase Beijing costs. The government, the country, the country’s President Donald Trump has expanded the expanding the domestic demand for the country to achieve the impact of tariffs and growth and achieve an increase of about 5%.

Thursday sheet “There is no big bright spot,” JP Morgan analysts wrote in a note that writes notes about the revenues of the Operating Service and Alex Yao, both operating service revenues.