E41: [Commentary]: Lessons and implications of Pinduoduo and Meituan results

On November 28th, 2023, two Chinese tech giants, Pinduoduo and Meituan, released their Q3 reports. What are the results, and, most importantly, what are the implications?   Despite the cautious outlook on the economy, which has certainly affected investors' sentiment, one of the players managed to exceed all expectations.   How did Alibaba’s management react to PDD’s market capitalization climbing up to that of Alibaba (featuring Jack Ma’s comment)? With TikTok Shop growing in the US, SHEIN attempting to go beyond fashion, and Alibaba pushing the consignment model, how is PDD holding its ground?   Recently, Meituan has been exploring a potential deal with Foodpanda. Now that the quarterly results are out, how would the deal work out for them?   Tune in to the latest episode of the Impulso Podcast to find answers! Featured materials:   PDD’s Q3 results -> PDD Holdings Announces Third Quarter 2023 Unaudited Financial Results Meituan’s Q3 results -> 202311281711141778683369_en.pdf (todayir.com)