0125 GMT - PDD Holdings is executing well and its business model remains intact, Barclays analysts say in a research note. The analysts estimate that Temu's gross merchandise value likely rose 100% on year in 4Q, while domestic business's GMV likely gained 17%. "We are particularly encouraged by the decent domestic growth despite the fact that PDD has been lowering take rate among merchants," they say. Barclays remains positive about Temu's business model and its value proposition to merchants via its consignment model and semi-consignment model despite all the concerns around tariffs and the de minimis tax exemption. The bank keeps PDD ADR's overweight rating and its target price at US$158.00. Shares last ended US$130.90. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
March 20, 2025 21:25 ET (01:25 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。