Posted on November 1, 2023
The Chinese, it’s widely understood, have a patient, long-term plan to conquer the planet.
Part of that playbook involves dominating the online shopping world, and PDD Holdings (NASDAQ:PDD) is one of the key players in that strategy.
Sure, the outfit is headquartered in Dublin—after all, who would suspect the Irish?
But it’s a nefarious commercial enterprise all the same, siphoning your hard-earned cash on purchases of third-rate quality, made by Uyghur slaves in the western Chinese hinterland and shipped internationally.
The fundamental breakdown on the company is as follows—
Beyond that, it’s difficult to figure where new earnings are going to come from.
Many happy returns!