PDD: 4Q18 Revenue Likely To Perform Better Driven By High GMV Growth; User Likely To Be Better Driven By Sales and Marketing
PDD will report 4Q18 results on March 13th before the markets open with an 8am EST conference call. We expect PDD to report 4Q18 revenue above consensus at RMB 5,015M driven by higher growth in GMV. The company has already released its preliminary data for 2018 with total GMV at RMB 472B or growth of 234% Y/Y, and its average active monthly users at 273M, up 249% Y/Y.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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