2025


JD.com's revenue reached 1.3 trillion, but profit margin is only 1.5%, totaling 19.6 billion.
Meituan is even worse, losing -23 billion for the year.
Pinduoduo didn't join the competition, just quietly selling goods and earning hundreds of billions
What's even more absurd is they have thousands of billions in cash on the books, with interest alone exceeding both JD.com and Meituan combined.
Already bought into Pinduoduo — China's greatest company.
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