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19/11/2025
Kazakhstan extends ban on transferring non-performing retail loans until May 1st.
Latest
3 m ago
Yushu Technology cancels the completion of the change of the board of supervisors.
4 m ago
Goldman Sachs: The target price for Pinduoduo has been lowered from $157 to $147, while maintaining a buy rating and expecting low base effects next year and the year after to provide room for revaluation.
4 m ago
Goldman Sachs stated that the performance of Pinduoduo (PDD.O) in the third quarter was mixed, with operating profit for the quarter increasing annually for the first time this year, but online advertising revenue decreasing to single digits for the first time, significantly below expectations. The bank mentioned that management commentary remains conservative, reiterating that future accelerated reinvestment could result in quarterly fluctuations. They reduced revenue forecasts for the company for this year and the next by 2-3%, while adjusting net profit forecasts upward by 4% for this year but downward by 8% and 9% for the following two years. This adjustment is based on the company's incremental investment in the local platform ecosystem and the challenges faced by Temu in the intensifying competition and changing regulatory environment. The bank expects adjusted net profit to decrease by 15% annually in the fourth quarter and increase by 14% annually next year, with a 30% annual increase in net profit in 2027. The bank lowered the target price for Pinduoduo from $157 to $147, maintaining a buy rating and expecting low base effects for next year and the following year to provide a value reevaluation space.
5 m ago
The late-stage rise in gold stocks expanded, Zhongjin Gold hit the daily limit.
5 m ago
HSBC China's Chen Qingyao: The Guangdong-Hong Kong-Macao Greater Bay Area will gradually shift from being a "testing ground" that integrates with the mainland to a "highway" that connects internationally.
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