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<Research>G Sachs Compares Recent Quarterly GMV Margins of PDD and BABA-W (Table)
Quarter │ PDD GMV Margin │ BABA-W GMV Margin1Q25│1.9%│2.5%4Q24│2.6%│2.5%3Q24│2.5%│2.4%2Q24│3.2%│2.3%1Q24│3.1 %^...
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<Research>G Sachs Compares Recent Quarterly GMV Margins of PDD and BABA-W (Table)
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SHORT SELL
 
STOCK INFO

Quarter │ PDD GMV Margin │ BABA-W GMV Margin
1Q25│1.9%│2.5%
4Q24│2.6%│2.5%
3Q24│2.5%│2.4%
2Q24│3.2%│2.3%
1Q24│3.1 %│2.4%
-------------------------------------

Quarter │ Forecasted PDD GMV Margin │ Forecasted BABA-W GMV Margin
2Q25│1.9%│2.3%
3Q25│1.9%│2.4%
4Q25│2.1%│2.4%

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