Better Chinese Tech Stock: Pinduoduo vs. Bilibili
Pinduoduo (NASDAQ: PDD) and Bilibili (NASDAQ: BILI) both recently dazzled investors with their latest earnings reports. Pinduoduo's stock surged 13% on Nov. 28 after the Chinese e-commerce company's third-quarter numbers easily cleared analysts' expectations. Bilibili's stock soared 22% on Nov. 29 after the gaming, digital media, and e-commerce company's Q3 earnings also comforatably beat analysts' estimates.
Is it safe to buy either of these Chinese tech stocks right now as their home market grapples with slowing economic growth, COVID-19 lockdowns, social unrest, and unpredictable crackdowns and regulations? Let's reexamine both companies, their near-term challenges, and their valuations to decide.
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Source Fool.com
