PDD: Cash Keeps Piling Up

Core Insights - PDD Holdings is the largest discount ecommerce platform in China, with a significant cash reserve that constitutes nearly 40% of its market capitalization [1] - The company is experiencing a slowdown in revenue but maintains a strong focus on its core business and exercises prudent financial control [1] Financial Position - The cash pile of PDD Holdings is substantial, amounting to a significant portion of its overall market value, indicating strong liquidity [1] - Despite revenue challenges, the company's financial strategy emphasizes stability and efficiency [1]