#JD ๐๐ (I MISSED THIS BUS). Those who have bullets, keep an eye on the anticipated earning releases
PDD shares skyrocket over 20% in a day ๐
๐๐ ๐จ๐ซ ๐ญ๐ก๐จ๐ฌ๐ ๐ฐ๐ก๐จ ๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐๐จ๐ฎ๐ญ ๐ฌ๐ค๐ฒ๐ซ๐จ๐๐ค๐๐ญ +20% ๐จ๐ ๐๐ข๐ง๐๐ฎ๐จ๐๐ฎ๐จ๐๐
Today released its financial report for the third quarter of 2020 as of September 30, with total revenue of ๐๐๐ ๐๐.๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง (approximately US$2.0929 billion), compared with ๐๐๐ ๐.๐๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง in the same period last year (๐๐ง ๐ข๐ง๐๐ซ๐๐๐ฌ๐ ๐จ๐ ๐๐%). The net loss attributable to Pinduoduo common shareholders was 784.7 million yuan (approximately US$115.6 million), compared with a net loss of 2.335 billion yuan in the same period last year. Not in accordance with US GAAP, the net profit attributable to Pinduoduo common shareholders was RMB 466.4 million (approximately US$68.7 million), compared with a net loss of RMB 1.6604 billion in the same period last year.
๐๐๐จ๐ง๐ญ๐ก๐ฅ๐ฒ ๐๐๐ญ๐ข๐ฏ๐ ๐๐ฌ๐๐ซ๐ฌ
The average number of monthly active users was 643.4 million, an increase of 50% compared to 429.6 million in the same period last year.
๐๐๐๐ญ๐ข๐ฏ๐ ๐๐ฎ๐ฒ๐๐ซ๐ฌ
The number of active buyers in the 12 months ended September 30, 2020 was 731.3 million, an increase of 36% compared to 536.3 million in the 12 months ended September 30, 2019.
๐๐๐ง๐ง๐ฎ๐๐ฅ ๐๐ฑ๐ฉ๐๐ง๐๐ข๐ญ๐ฎ๐ซ๐ ๐ฉ๐๐ซ ๐๐๐ญ๐ข๐ฏ๐ ๐๐ฎ๐ฒ๐๐ซ
In the 12 months ended September 30, 2020, the annual expenditure per active buyer was RMB 1993.1 (approximately US$293.6), an increase from RMB 1566.7 in the 12 months ended September 30, 2019 27%.
Better than expected result are probably due to online retailers have largely benefitted since the beginning of the Covid-19 pandemic, as individuals stay home and purchase everything from groceries to electric appliances off e-commerce platforms like #BABA #JD
(Forwarded message)
๐๐ ๐จ๐ซ ๐ญ๐ก๐จ๐ฌ๐ ๐ฐ๐ก๐จ ๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐๐จ๐ฎ๐ญ ๐ฌ๐ค๐ฒ๐ซ๐จ๐๐ค๐๐ญ +20% ๐จ๐ ๐๐ข๐ง๐๐ฎ๐จ๐๐ฎ๐จ๐๐
Today released its financial report for the third quarter of 2020 as of September 30, with total revenue of ๐๐๐ ๐๐.๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง (approximately US$2.0929 billion), compared with ๐๐๐ ๐.๐๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง in the same period last year (๐๐ง ๐ข๐ง๐๐ซ๐๐๐ฌ๐ ๐จ๐ ๐๐%). The net loss attributable to Pinduoduo common shareholders was 784.7 million yuan (approximately US$115.6 million), compared with a net loss of 2.335 billion yuan in the same period last year. Not in accordance with US GAAP, the net profit attributable to Pinduoduo common shareholders was RMB 466.4 million (approximately US$68.7 million), compared with a net loss of RMB 1.6604 billion in the same period last year.
๐๐๐จ๐ง๐ญ๐ก๐ฅ๐ฒ ๐๐๐ญ๐ข๐ฏ๐ ๐๐ฌ๐๐ซ๐ฌ
The average number of monthly active users was 643.4 million, an increase of 50% compared to 429.6 million in the same period last year.
๐๐๐๐ญ๐ข๐ฏ๐ ๐๐ฎ๐ฒ๐๐ซ๐ฌ
The number of active buyers in the 12 months ended September 30, 2020 was 731.3 million, an increase of 36% compared to 536.3 million in the 12 months ended September 30, 2019.
๐๐๐ง๐ง๐ฎ๐๐ฅ ๐๐ฑ๐ฉ๐๐ง๐๐ข๐ญ๐ฎ๐ซ๐ ๐ฉ๐๐ซ ๐๐๐ญ๐ข๐ฏ๐ ๐๐ฎ๐ฒ๐๐ซ
In the 12 months ended September 30, 2020, the annual expenditure per active buyer was RMB 1993.1 (approximately US$293.6), an increase from RMB 1566.7 in the 12 months ended September 30, 2019 27%.
Better than expected result are probably due to online retailers have largely benefitted since the beginning of the Covid-19 pandemic, as individuals stay home and purchase everything from groceries to electric appliances off e-commerce platforms like #BABA #JD
(Forwarded message)
#JD CHINA DIGITAL YUAN
https://www.bloomberg.com/news/articles/2020-12-05/jd-com-becomes-china-s-first-online-mall-to-test-digital-yuan?srnd=premium-asia
https://www.bloomberg.com/news/articles/2020-12-05/jd-com-becomes-china-s-first-online-mall-to-test-digital-yuan?srnd=premium-asia
Bloomberg
JD.com Becomes Chinaโs First Online Mall to Test Digital Yuan
JD.com Inc., Chinaโs second-biggest online retailer, will become the countryโs first virtual mall to use digital yuan, the cryptocurrency backed by the central bank.
๐ WARNING ๐
This will be my personal price target for 2021.
Let's post it here today, and we shall come back 2021 year end and see if this prediction is true.
DISCLAIMER
This is not a stock recommendation post, but a personal opinion and serves as a record keeping purpose.
Welcome for debate in the chat.
#AAPL #TSLA #PINS #SE #JD #LMND
This will be my personal price target for 2021.
Let's post it here today, and we shall come back 2021 year end and see if this prediction is true.
DISCLAIMER
This is not a stock recommendation post, but a personal opinion and serves as a record keeping purpose.
Welcome for debate in the chat.
#AAPL #TSLA #PINS #SE #JD #LMND
#JD One of the 21 stocks I mentioned in my blog post updates given to you all for free just above
The most anticipated earnings releases scheduled for the week are JD.com #JD, Salesforce #CRM, Best Buy #BBY, Peloton #PTON, Snowflake #SNOW, XPeng #XPEV, DICK'S Sporting Goods #DKS, Pinduoduo #PDD, Medtronic #MDT, and Abercrombie & Fitch #ANF.
http://eps.sh/cal
#earnings #earningscalendar #salesforce #bestbuy #peloton #snowflake #stockmarket #xpeng #dickssportinggoods #pinduoduo #medtronic #Abercrombie #abercrombieandfitch #investors #stocktrading
http://eps.sh/cal
#earnings #earningscalendar #salesforce #bestbuy #peloton #snowflake #stockmarket #xpeng #dickssportinggoods #pinduoduo #medtronic #Abercrombie #abercrombieandfitch #investors #stocktrading