PDD Holdings commands a remarkable $38 billion in net cash, outperforming other non-dividend and non-repurchase public companies significantly, showcasing its unique financial strategy.
In stark contrast to trendsetting Chinese counterparts, PDD's avoidance of stock buybacks and dividends suggests a confidence in its cash position and future investment opportunities.
The company attributed its varied financial strategies to unique circumstances, dismissing the notion that not repurchasing shares indicates weakness in its accounting or balance sheet.
Despite holding substantial cash reserves, PDD's recent earnings miss and stock drop highlight the pressures from competition in China's e-commerce landscape, blurring its financial foresight.
[
Collection
]
[
|
...
]