The stock of PDD Holdings Inc (NASDAQ:PDD), the parent company of Temu, is currently trading at its lowest level ever. This is despite the company’s robust growth and performance in the e-commerce sector. What Happened: PDD’s stock is currently at 13 times the expected earnings for the next year, which is only half the valuation of the Nasdaq 100. This is despite the company’s impressive 43% surge from its March low, reported Bloomberg. The company’s success in pushing its budget e-commerce model into overseas markets has led to more than tripled earnings in the March-ended quarter. “People ar…
