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Alibaba Reshapes E-Commerce Operations, Names Jiang Fan as Unit CEO
pdd holdings conference call: a slowdown in growth is inevitable, and the disadvantages compared to peers will significantly exist for a period of time.
Pdd Holdings Co-CEO Zhao Jiazhen stated that due to limitations in the operation mode of the platform and the historical experience and insufficient capabilities of the team, it is expected that the company's relative disadvantages compared to peers will be significantly present for a period of time, causing the financial impact to further expand. The high-quality development of the ecosystem and the supply side is an important foundation for creating long-term value for consumers. This is a long and patience-requiring process. We are ready for a protracted war, and the changes in the external competitive environment will not affect our pace.
What does Alibaba's 'making big' in e-commerce mean? |K Commentary
Alibaba's current adjustment continues the global strategy of focusing on e-commerce business and AI technology since Daniel Zhang took over as Alibaba Group CEO last year. Some industry insiders analyzed that based on previous major adjustments by Alibaba, it is expected that the integrated e-commerce business group will further adjust its organizational structure and team management.
4 Stocks to Watch on Thursday: DE, PDD and More
US stock market outlook | Cryptocurrency concept stocks surge across the board before market open, with MSTR and MARA up more than 11%; pdd holdings falls more than 9% before market open, Q3 revenue disappoints expectations
Performance exceeds expectations, Snowflake soared more than 23% in pre-market trading; pdd holdings fell more than 9% before the market, Q3 revenue fell short of expectations; Another company got rich because of holding bitcoin! Semler Scientific rose more than 24% in pre-market trading.
PDD Holdings Shares Are Trading Lower After the Company Reported Worse-than-expected Q3 Financial Results.