The CE 100 Index got a boost this week from China. The overall Index’s 2.2% rally came as two of our names — Pinduoduo and Tencent — soared double digit percentage points. Investor sentiment was buoyed as the the People’s Bank of China announced rate...
It doesn’t have a dedicated heading in the Connected Economy, but the Buy Now, Pay Later sector of the “pay and get paid” pillar tore up the track last week. Solid Q2 earnings performances from Affirm and Sezzle led the CE 100 to a flat...
PDD Holdings, the multinational commerce group that owns and operates shopping platforms Pinduoduo and Temu, saw its revenue double year-over-year as consumers sought “value for money.” The company’s total revenues in the fourth quarter of 2023 were $12.5 billion, up 123% from the same quarter a...
The CE 100 Index lost 1.2% as the end of earnings season is in sight. Year to date, the Index has trailed several of the broader indices, as seen in the chart below. Zillow shares sank 17.6%, leading the Live segment 1.6% lower. As reported by...
October 07, 2024
The CE 100 Index slipped 0.6% as October’s first few days of trading brought investors firmly into the fourth quarter while reversing some of the gains seen in the past few weeks. The continuation of a trend — where Chinese names had led advancing issues through the past several sessions — was not enough to […]
September 30, 2024
The CE 100 Index got a boost this week from China. The overall Index’s 2.2% rally came as two of our names — Pinduoduo and Tencent — soared double digit...
September 02, 2024
It doesn’t have a dedicated heading in the Connected Economy, but the Buy Now, Pay Later sector of the “pay and get paid” pillar tore up the track last week....
July 31, 2023
Earnings season is now in full swing, dominating headlines, moving stocks in our ConnectedEconomy™ 100 Index up double-digit percentage points — and to the downside, too. The index was up...
March 20, 2024
PDD Holdings, the multinational commerce group that owns and operates shopping platforms Pinduoduo and Temu, saw its revenue double year-over-year as consumers sought “value for money.” The company’s total revenues in the fourth quarter of 2023 were $12.5 billion, up 123% from the same quarter a year earlier, PDD Holdings said in a Wednesday (March 20) […]
January 31, 2024
Temu reportedly spent $3 billion in 2023 on online advertising in the United States for its eCommerce marketplace. This move by Temu, which was introduced to the U.S. by Shanghai-based eCommerce...
October 13, 2023
Companies that cater to budget-conscious Chinese consumers have reportedly seen sales soar, while their upmarket rivals have struggled to keep up. Online retailer Pinduoduo, budget household-goods chain Miniso and Japanese fashion brand Uniqlo are among...
March 20, 2023
China’s PDD Holdings is the latest company feeling the effects of the country’s COVID recovery. On Monday (March 20), the eCommerce firm released quarterly and full-year earnings showing its revenues increasing, driven primarily by...
