Temu’s Parent PDD Trades Near Cheapest Level Ever as Geopolitical Risks Bite
- Stock at deep discount to tech peers despite strong growth
- US scrutiny and rising competition dent investor sentiment
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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. That’s half the valuation of the Nasdaq 100, marking PDD’s steepest discount on record.