Pinduoduo is chasing Alibaba! Jack Ma: "The era of AI e-commerce has just begun! It's an opportunity for everyone"
楚一帆
发表于 2023-11-29 20:44:51
264
0
0
After the announcement of Pinduoduo's performance yesterday, its stock price surged to a new high of over two years. Pinduoduo's market value has significantly increased, with a difference of only over 10 billion US dollars from Alibaba's total market value.
Jack Ma replied to a post from Alibaba employees regarding the market value of Pinduoduo, asking everyone to provide constructive opinions and suggestions. Especially innovative ideas. I believe today's Alibaba people are all watching and listening. I firmly believe that Alibaba will change, and Alibaba will change. All great companies were born in winter. The era of AI e-commerce has just begun, and it is both an opportunity and a challenge for everyone.
Jack Ma said, "Congratulations to PDD on their decisions, execution, and efforts over the past few years. Everyone has done well, but only those who can reform for tomorrow's Tianniu and are willing to pay any price or sacrifice are respected. Returning to our mission and vision, Alibaba people, come on!"
Pinduoduo's Market Value Approaches Alibaba
Pinduoduo released its performance report for the third quarter of 2023 as of September 30 on November 28. Data shows that Pinduoduo's revenue for the quarter was 68.84 billion yuan, a year-on-year increase of 93.9%. Among them, online marketing services and other revenue was 39.69 billion yuan, a year-on-year increase of 39%; The transaction service revenue was 29.15 billion yuan, a year-on-year increase of 315%. Meanwhile, Pinduoduo achieved a net profit of 15.54 billion yuan under the US GAAP standard, with a net profit margin of 22.6%.
Boosted by performance reports, as of the close of the US stock market on the same day, Pinduoduo rose 18%, with a market value of $184.7 billion, approaching Alibaba's $195.4 billion market value.
For its impressive performance, Pinduoduo stated that this is mainly due to the accelerated recovery of the consumer market and the company's fully implemented "high-quality development" strategy since the beginning of this year.
Chen Lei, Chairman and Co CEO of Pinduoduo Group, also stated, "With the implementation of a series of consumer promotion policies, the demand for consumer upgrading is becoming increasingly strong. At the same time, we can see from user behavior that consumer upgrading is not only related to quality, but also to price. It is the optimization of the 'quality to price ratio' and the ultimate pursuit of consumers for affordable goods."
The solid promotion of cross-border e-commerce business may be one of the important reasons for Pinduoduo's rapid revenue growth in the third quarter. It is understood that in the third quarter of this year, Pinduoduo accelerated the improvement of its cross-border business models, and advanced the layout of overseas consumption nodes such as Halloween, Christmas, and Black Friday, helping more than 10000 factories in over 100 industrial belts in Guangdong, Zhejiang, and other regions accelerate their overseas expansion.
"Since the third quarter of last year, Duoduo Cross border has been launched for over a year, reaching more than 40 countries and regions worldwide." Chen Lei said, "We hope to use the supply chain foundation accumulated over the past years to provide consumers from different regions of the world with a direct channel to purchase from factories, a more flexible and personalized supply chain, and a more cost-effective comprehensive shopping experience."
Jack Ma firmly believes in Alibaba
Previously, the US Stock Exchange released a long-term equity plan application disclosed by Jack Ma Family Trust, which began on November 21st. The application was set to have the option to sell Alibaba stocks under certain preconditions - the news sparked market discussions.
In response, a lawyer from Jack Ma's office stated, "The disclosed sale plan is a long-term plan. There has been no actual reduction in holdings of the plan at present. Jack Ma firmly believes in Alibaba, and the current stock price is far below its actual value. He will still firmly hold onto Alibaba's stocks."
Alibaba Group Partner and Chief Talent Officer Jiang Fang also posted on the Alibaba intranet in response to the "Jack Ma Family Trust's reduction of holdings in Alibaba," stating that "Jack Ma has not sold a single share.".
Jiang Fang mentioned in the post: "In order to invest in agricultural technology and public welfare projects both domestically and internationally, Teacher Ma's office signed a reduction contract with a stock broker earlier this year in accordance with the US SEC 10b5-1 regulations. According to regulations, this conditional future reduction plan will be announced to the public in mid November. The selling price set in August was much higher than the current stock price, so Teacher Ma did not sell a single share!"
Alibaba Group Chairman Cai Chongxin also left a message in response to the post, saying, "I have been in the company for almost 25 years. Alibaba has been facing various doubts and challenges from the beginning to the present. But we continue to persist and have overcome one difficulty after another in these doubts and challenges. Because Alibaba's genes are to believe that the future will be better."
Cai Chongxin stated that the rapid iteration of global technology and business models today is a challenge for everyone, but it is also an excellent opportunity. "As long as we have an open mindset and innovative thinking, we have the opportunity to create another unique Alibaba."
The performance announcement for the second quarter of fiscal year 2024 (i.e. the three months ending September 30, 2023) released by Alibaba Group on November 16 shows that the revenue for the quarter was 224.79 billion yuan, a year-on-year increase of 9%; The operating profit was 33.584 billion yuan, a year-on-year increase of 34%; Adjusted EBITDA of RMB 49.24 billion, a year-on-year increase of 14%; The adjusted net profit was 40.19 billion yuan, a year-on-year increase of 19%.
At the same time as releasing its financial report, Alibaba's board of directors has approved the distribution of cash dividends for the fiscal year 2023, with a total dividend amount of approximately $2.5 billion.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Ali Damo Hospital: AI multi cancer early screening technology will be promoted to more developing countries
- Jia Yueting responded that "FF will never be profitable": taking out of context or even spreading rumors! Last year, 6 out of 10 cars were delivered for rent? He said so
- Don't be afraid of Nvidia falling? Bank of America lists five positive factors: any pullback is a good time to buy!
- General Motors China responds to rumors of layoffs and capacity cuts: all business in China is high-quality assets
- Internet duo disclosed financial reports, game and social network business promoted Tencent's profits to increase greatly, and Ali's share returned to stable position
- Entering the AI computer competition? Quark, a subsidiary of Alibaba's Intelligent Information Business Group, has released a new PC version
- Nvidia CFO reassures market: Chips are not worried about selling, governments around the world are 'hidden customers'!
- Alibaba 1688 offline store is here! Benchmarking against Sam and Costco!
- Is AI difficult to solve in mathematics, physics, and chemistry? Alibaba invests nearly 200 million yuan in precision learning and releases one-on-one AI teachers
- Elon Musk's' Million Dollar Lottery 'Insider Revealed: Winners are Selected' Speakers'
-
【英偉達の需要が高すぎる?SKハイニックス:黄仁勲がHBM 4チップの6カ月前納入を要求!】SKハイニックスの崔泰源(チェ・テウォン)会長は月曜日、インビダーの黄仁勲(ファン・インフン)CEOが同社の次世代高帯域 ...
- 琳271
- 前天 17:54
- 支持
- 反对
- 回复
- 收藏
-
ファイザーが前立腺がんを治療する革新薬テゼナ& ;reg;(TALZENNA®,一般名:トルエンスルホン酸タラゾールパーリカプセル)は2024年10月29日に国家薬品監督管理局(NMPA)の承認を得て、HRR遺伝子突然変異 ...
- 什么大师特
- 昨天 17:41
- 支持
- 反对
- 回复
- 收藏
-
南方財経は11月5日、中央テレビのニュースによると、現地時間11月5日、米ボーイング社のストライキ労働者が59%の投票結果で新たな賃金協定を受け入れ、7週間にわたるストライキを終えた。ストライキ労働者は11月12 ...
- Dubssgshbsbdhd
- 昨天 16:27
- 支持
- 反对
- 回复
- 收藏
-
【マスクはテスラが携帯電話を作ることに応えた:作れるが作らないアップルとグーグルが悪さをしない限り】現地時間11月5日、有名ポッドキャストのジョローガン氏のインタビューに応じ、「携帯電話を作るのは私たち ...
- 波大老师
- 昨天 14:41
- 支持
- 反对
- 回复
- 收藏