Considering PDD is not really a "true" monopoly (still small), and doing everything they can to alleviate poverty in the rural area (including donating all their recent earnings); which is definitely the priority of Beijing. Perhaps that's why they have rebounded quite significantly (~30%) from recent lows.
Li Lu having a position (~2.25% of US portfolio) in it, helps the bull case slightly (for me).
Currently, it's trading at ~10.5x PS ratio, PE ratio ~80 (run rate basis) most recent quarter revenue growth is +106%, net margin is ~10.5%.
(not vested)
Li Lu having a position (~2.25% of US portfolio) in it, helps the bull case slightly (for me).
Currently, it's trading at ~10.5x PS ratio, PE ratio ~80 (run rate basis) most recent quarter revenue growth is +106%, net margin is ~10.5%.
(not vested)
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger