How does PDD stack up against other big China e-ecommerce firms?

How does PDD stack up against other big China e-ecommerce firms?

FILE PHOTO: The logo of Temu, an e-commerce platform owned by PDD Holdings, is seen on a mobile phone displayed in front of its website, in this illustration picture taken April 26, 2023. REUTERS/Florence Lo/Illustration/File Photo

Shares of China’s biggest e-commerce companies – Alibaba, JD.com, and PDD Holdings – were dumped earlier this week on worries about pressure on their margins after low-price vendor PDD pledged to invest more for offering discounts.