Copiers : 6 Followers : 42 Since Sep22 : +48% while NSDQ : +48,8% SP500 : +31,6% Dear Etorians, 03/20/24 Chinese e-commerce giant $PDD Alibaba's main competitor in China, almost doubled its net profit in 2023. The group specializes in low-cost products. Pinduoduo is enjoying growing success in its country at a time when the Chinese are curbing their spending and turning to low-cost products, in a context of economic slowdown and high unemployment among young people. The stock is currently valued at 25 PER, which is reasonable for a company with such growth. $BABA is also in our portfolio with a 13,4 PER.