PDD 4Q23 Results: Continued Share Gains in ‘24
What’s new: PDD’s reported 4Q23 results beat consensus and our expectations driven by improving consumer sentiment. PDD could continue to gain share in both domestic and overseas markets as the company remains focused on executing its high-quality development strategy in 2024. We maintain our PT at USD170.Analysts:
Jin Yoon
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- Pan European Telecom Services and Cable
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