Temu’s Parent PDD Trades Near Cheapest Level Ever as Geopolitical Risks Bite

(Bloomberg) — Shares of Temu parent PDD Holdings Inc. are being held back by geopolitical risks and fierce competition in China’s e-commerce sector.

Granted, it US-listed stock has surged 43% surge from a March low, but it’s still trading at just 13 times expected earnings for the next year.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.