PDD: Turning Stable Growth Stage, Agricultural Strategy Starts to Bear Fruits
PDD’s revenue reached CNY 23.8 billion in Q1 2022 with transaction services revenue surging 91% YoY. Owing to China's product trade and unique political environment, we believe the agriculture tech market, though extremely difficult, has great potential. Its Commission revenue in Q1 nearly doubled owing to product sales, testifying to the potential of the agricultural strategy.
Jun 03, 2022 11:54 AM
BYD Is Planning EV Production in Thailand by 2024
Thailand’s Ministry of Finance has now approved 26 electric car projects from 17 companies, which are expected to add up to a total production capacity of 830,000 electric vehicles. This is expected to increase to one million electric vehicles by early 2023.
Sep 08, 2022 04:58 PM