We came across a bullish thesis on PDD Holdings Inc. on Natan’s Substack. In this article, we will summarize the bulls’ thesis on PDD. PDD Holdings Inc.'s share was trading at $131.01 as of September 25th. PDD’s trailing and forward P/E were 14.09 and 11.24 respectively according to Yahoo Finance. Best Beauty Stocks To Buy Now Sorbis/Shutterstock.com During Q2 2025, PDD Holdings reported revenues of RMB 104 billion, in line with expectations, and delivered earnings per share of RMB 22.1, a remarkable 50 ...