Why PDD Shares Rallied Even After A Mediocre Earnings Report

The low-cost e-commerce company is sacrificing some profit to repair its seller economics, deepen its supply chain and prepare its global Temu arm for a more compliance-heavy phaseimage credit: Bamboo WorksKey Takeaways:PDD's latest results suggest its old formula of cheap traffic and extreme pricing is giving way to a model built around supply-chain depth and better merchant relationsA big bet for investors is whether the low-cost e-commerce company's international Temu arm can adapt to more complex busine ...