The recent collective plunge of Hengke or Chinese concept stocks actually started with the investigation of Ctrip. Against this backdrop, the so-called shareholder returns are indeed a joke. So we can see that Pinduoduo with a PE of 10 and Longyi Technology stocks like Tencent with a PE of only 20.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The recent collective plunge of Hengke or Chinese concept stocks actually started with the investigation of Ctrip. Against this backdrop, the so-called shareholder returns are indeed a joke. So we can see that Pinduoduo with a PE of 10 and Longyi Technology stocks like Tencent with a PE of only 20.