UBS released a report stating that Pinduoduo's second-quarter results should temporarily ease many investors' concerns, including the overall financial impact of US tariffs on Temu's business, the potential impact of the 100 billion yuan subsidy introduced in April on profit margins, and the legality of Pinduoduo's cash balance as interest and investment income are rewarded. According to the report, Pinduoduo's mainland competitors are shifting their focus to fast business rather than low price competition, and the competitive pressure on Pinduoduo in the traditional e-commerce field should be reduced. Temu's second quarter is probably the one most affected by US policies. Temu is expected to gradually recover, benefiting from the recovery of US traffic, continued testing of new cross-border e-commerce models, and continued expansion in non-US regions. The bank believes that after the results are announced, there is room for the market to raise Pinduoduo's profit expectations. The bank raised Pinduoduo's earnings forecast for Pinduoduo by 13% to 32% this year to 2027, and raised the target price from 165 US dollars to 176 US dollars, rating “buy”.

UBS released a report stating that Pinduoduo's second-quarter results should temporarily ease many investors' concerns, including the overall financial impact of US tariffs on Temu's business, the potential impact of the 100 billion yuan subsidy introduced in April on profit margins, and the legality of Pinduoduo's cash balance as interest and investment income are rewarded. According to the report, Pinduoduo's mainland competitors are shifting their focus to fast business rather than low price competition, and the competitive pressure on Pinduoduo in the traditional e-commerce field should be reduced. Temu's second quarter is probably the one most affected by US policies. Temu is expected to gradually recover, benefiting from the recovery of US traffic, continued testing of new cross-border e-commerce models, and continued expansion in non-US regions. The bank believes that after the results are announced, there is room for the market to raise Pinduoduo's profit expectations. The bank raised Pinduoduo's earnings forecast for Pinduoduo by 13% to 32% this year to 2027, and raised the target price from 165 US dollars to 176 US dollars, rating “buy”.