Chinese e-commerce company Pinduoduo continued its rally after reporting better-than-expected earnings and revenue.

The company reported $4.69 billion in revenue, marking a 36% YoY rise, driven by strong sales during China’s midyear shopping festival. In addition, pent-up demand as Covid-19 restrictions loosened helped drive sales and proved the resilience of China’s consumers.

Profits surged 268%, but the company cautioned that it was related to the delay of several projects and reduced costs due to Covid restrictions.


Executives noted that the company would continue to prioritize R&D to stay competitive and confirmed rumors that it is considering expanding overseas.This isn’t much of a surprise to anyone paying attention. As China’s consumers get pinched by inflation and slowing wage growth, many Chinese companies are turning to international markets to reaccelerate growth.


Come ipotizzato nel post iniziale, una delle soluzioni cinesi è "accogliere" la sfida della competitività reale sul mercato internazionale viste le difficoltà interne.

In questo senso:

China-US audit deal could avert mass stock delistings - CNN

Additionally, on Friday, The Public Company Accounting Oversight Board (PAOB) said it signed an agreement with Chinese regulators which allows it to audit U.S.-listed Chinese companies without consultation or input from Chinese authorities. The delisting threat was a significant concern for many of these stocks, so the agreement should help decrease their overall volatility.


Le autorità americane e cinesi di vigilanza sulle società quotate in borsa si sono messe d'accordo per fare accedere le prime ai bilanci e alla contabilità delle compagnie cinesi quotate sui listini americani.
Una apertura considerevole da parte del governo cinese in senso totalmente opposto a quello che è il momento dei rapporti usa cina.
La motivazione si legge nell'articolo: lo spauracchio di essere sbattuti fuori dalle contrattazioni.
Ma come dice il capo della CONSOB americana:
Securities and Exchange Commission (SEC) chairman Gary Gensler said Chinese companies still faced delisting if their accounts could not be accessed by US authorities."Make no mistake, though: The proof will be in the pudding," he said."This agreement will be meaningful only if the PCAOB actually can inspect and investigate completely audit firms in China."

​