Apr. 3 at 5:46 PM
CN E-COMM: HYPER-CAPITALISTIC GLADIATOR ARENA
$BABA $JD $PDD — three giants tearing each other apart in a "Red Ocean" of constant price wars. 🇨🇳
👉Click to view @NasdaqPulse for timely updates amid the volatility.
The brutal reality:
$BABA closed at
$122.05 Apr 2 (down 1.36%), market cap
$291.4B, PE 21.7x. Latest Q3 revenue +2% YoY to RMB284.8B.
$JD at
$28.46 (down 1.42%), market cap
$39.0B, PE 13.97x. FY2025 revenue +13% to RMB1.31T.
$PDD at
$100.87 (down 0.89%), market cap
$143.2B, cheapest of the bunch at PE just 10.2x. FY2025 revenue +10% to RMB431.8B, but net profit slipped 12% — "Billion Support" spending bleeding into bottom line.
Market grew 8.6% in 2025. But shareholders get crushed while consumers feast on subsidies.
Short-term traders: watch
$PDD bounce — net cash ~
$55B against
$143B market cap = value trap or bargain?
$BABA testing
$120 support.
$JD struggling below 200-day MA.
Consumer wins. Shareholders lose
