Michael Burry just sold everything and initiated major short positions. Is 'The Big Short' happening all over again? I don't think so. The story is more complex than that. Here's why.
Temu reportedly lost 58% of its eCommerce platform's daily U.S. users in May after the U.S. ended the de minimis exemption on imported goods from China on May 2. Reuters reported the drop Monday (June 2), citing data from market intelligence firm Sensor Tower.
Daily U.S. users of PDD Holdings' global discount e-commerce platform Temu fell by 58% in May, according to market intelligence firm Sensor Tower, one of many headwinds the e-retailer is facing amid a U.S.-China trade war.
PDD's long-term value hinges more on macro stability than near-term execution. Geopolitics will shape its trajectory. Strategic investments and balance sheet strength are clear, but regulatory tone and market sentiment remain decisive. In a favorable macro environment, PDD offers measured upside; without it, valuation compression may persist.
Pinduoduo's Q1'25 earnings missed expectations, due to U.S.-China trade tensions, but I view this as a temporary setback only. Recent tariff pauses and ongoing negotiations suggest trade relations will normalize, benefiting Pinduoduo's international growth, especially via Temu. Pinduoduo remains profitable and trades at a discount to the industry group, offering compelling long-term value, with...
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