$PDD Holdings (PDD.US)$ I feel that many valuations have always been around PE12. The lower limit of 10 times should not be lower than eBay, and the estimated stock in the upper 15 times valuation is also quite expensive, and the capital market is uncertain about its stability and financial authenticity. Today's decline is also around 143. It is estimated that it may fluctuate around this price after stepping back on the 21-day EMA before the earnings report. The market share of JD Ali's earnings report has increased by 1% and the other has declined. Douyin's e-commerce data is actually not ideal this year. I am still looking forward to many financial reports, not to mention Temu. If the price drops below 140 to 135, they will also consider adding positions