Temu Parent PDD Dwarfs Tesla In Cash Pile, But Investors Are Skeptical

Two giants of the stock market, PDD Holdings Inc. PDD and Tesla Inc. TSLA, are making waves not just for their market performance but for their substantial cash reserves.Both companies have amassed significant cash piles without offering dividends or engaging in share buybacks, raising eyebrows among investors.PDD’s Cash Pile Raises ConcernsPDD, the Chinese ecommerce powerhouse behind the popular low-cost marketplace Temu, currently boasts a staggering $38 billion in net cash, reported the Financial Times. ...