(https://www.marketwatch.com/story/having-100-000-invested-was-once-the-gateway-to-building-real-wealth-for-young-people-today-its-double-that-dc96fcc7?mod=mw_rss_topstories) to feel rich, but Chinese youth are doing the opposite — pulling money OUT of consumption entirely. PDD's revenue grew 63.7B YoY while net margin sits at , BABA's NI grew annually on 151.0B in top-line, and SE's net margin compressed to just 8.0% despite 19.6B in revenue.

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