Pinduoduo Inc. (PDD) News
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PDD News Highlights
- For PDD, its 30 day story count is now at 47.
- Over the past 28 days, the trend for PDD's stories per day has been choppy and unclear. It has oscillated between 1 and 38.
- NIO, LI and BABA are the most mentioned tickers in articles about PDD.
Latest PDD News From Around the Web
Below are the latest news stories about Pinduoduo Inc that investors may wish to consider to help them evaluate PDD as an investment opportunity.
Meituan CEO Who Beat Jack Ma Gets $10 Billion for Next Fight(Bloomberg) -- The competition between Wang Xing’s Meituan and fellow tech billionaire Jack Ma’s Alibaba Group Holding Ltd. is turning into one of the great rivalries in Chinese business.While Alibaba is the dominant force in e-commerce with a global reputation, Wang, a generation younger, has built Meituan into a fearsome rival, the world’s largest delivery empire with ambitions to encroach on Alibaba’s home turf. There’s also years of bad blood between the two companies after an early alliance broke down.Now Wang, 42, has raised a record $10 billion to develop promising technologies like autonomous delivery vehicles and drone delivery to reduce labor costs and expand the footprint of Meituan’s food and e-commerce network. These investments, analysts say, will be key to supporting what... |
Meituan Raises $10 Billion to Fight Alibaba in Grocery Arena(Bloomberg) -- Chinese delivery giant Meituan has raised $9.98 billion from a record top-up placement and a convertible bonds sale as it doubles down on efforts to fight the likes of Alibaba Group Holding Ltd. in newer areas such as online groceries.The nation’s third-largest internet company has sold 187 million shares in a top-up placement at HK$273.80 each, near the top end of its marketed range, and also raised $400 million from shareholder Tencent Holdings Ltd., according to terms of the deal obtained by Bloomberg News. The $7 billion new stock issuance is the largest-ever such sale by a Hong Kong-listed company, data compiled by Bloomberg show. Meituan has also sold $2.98 billion in zero-coupon convertible bonds.Meituan’s shares were volatile on Tuesday, trading up 1.2% as of 10:2... |
7 Chinese Stocks to Sell Now As Pressure Mounts From EverywhereMost of these stocks represent companies that have grown tremendously. |
Jack Ma’s Double-Whammy Marks End of China Tech’s Golden Age(Bloomberg) -- The full implications of Beijing’s rapid-fire moves against Jack Ma’s internet empire in recent days won’t be apparent for weeks, but one lesson is already clear: The glory days for China’s technology giants are over.The country’s government imprinted its authority indelibly on the country’s technology industry in the span of a few days. In landmark announcements, it slapped a record $2.8 billion fine on Alibaba Group Holding Ltd. for abusing its market dominance, then ordered an overhaul of Ant Group Co. On Tuesday, regulators summoned 34 of the country’s largest companies from Tencent Holdings Ltd. to TikTok owner ByteDance Ltd., warning them “the red line of laws cannot be touched.”The unspoken message to Ma and his cohorts was the decade of unfettered expansion that c... |
Meituan, ByteDance Pledge to Comply With China’s Antitrust Laws(Bloomberg) -- Meituan, ByteDance Ltd. and JD.com Inc. were among 12 Chinese tech giants that issued pledges to obey antitrust laws, a day after Beijing gave the companies a month to conduct internal reviews and comply with government guidelines.Pinduoduo Inc., Baidu Inc. and Sina Weibo were also among firms that published their commitments in a statement on the website of State Administration For Market Regulation. The antitrust watchdog had summoned 34 companies to a meeting on Tuesday, ordering them to rectify their excesses and issue pledges to operate legally.Other firms will also issue statements over the next three days, SAMR said, calling on the public to help monitor the corporations and hold them to their word. The regulator had exhorted the tech giants to heed the example of ... |
China Fines Alibaba $2.8 Billion, But BABA Stock Jumps; JD.com, Pinduoduo, Tencent FallChina imposed a record $2.8 billion antitrust fine vs. Alibaba. But BABA stock jumped on hopes that the bad news is priced in. JD.com, Tencent and Pinduoduo fell. |
Why Pinduoduo Stock Popped TodayWhat happened Shares of Pinduoduo (NASDAQ: PDD) jumped 7.5% on Thursday following news that popular fund manager Cathie Wood purchased the stock for her ARK Fintech Innovation ETF (NYSEMKT: ARKF). So what After her funds' stellar performance in 2020, Wood has become one of the most widely followed investment managers. |
Pinduoduo, Shopify, PayPal, LendingTree, JD.com — What Cathy Wood's Ark Bought And Sold On WednesdayCathie Wood’s Ark Investment Management sends out an email every night listing the stocks that were bought or sold by the firm's ETFs that day. In recent months, the emails have known to cause certain stocks to see a spike in the after-hours session. Here’s a list of 15 stocks that the hedge fund bought and sold on Wednesday. Trades For Ark Fintech Innovation ETF (NYSE: ARKF): JD.com (NASDAQ: JD): Bought 141,876 shares of the Chinese online e-commerce company, representing about 0.3% of the ETF. JD.com stock closed 1.60% higher at $84.33 on Wednesday. It has a 52-week high of $108.29 and low of $39.26. Pinduoduo Inc (NASDAQ: PDD): Bought 57,877 shares of the agriculture-focused technology platform in China, representing about 0.196% of the ETF. Pinduoduo stock closed 1.15% lower at $133... |
Meituan Flags More Losses After Delving into Hot Commerce Arenas(Bloomberg) -- Meituan warned it will remain in the red for several more quarters despite record revenues, underscoring the cost of competing against the likes of Alibaba Group Holding Ltd. in newer arenas from online groceries to community e-commerce.Revenue climbed in 2020’s final quarter at its fastest pace in a year, to a better-than-expected 37.92 billion yuan ($5.8 billion). But the company swung to a net loss of 2.2 billion yuan during those three months after spending on burgeoning initiatives like community buying, a sort of micro-Groupon concept that’s taken off across China.China’s economic recovery has helped the world’s largest meal delivery service increase orders, while its hotels and travel business benefited from a rebound in domestic travel when the country reined in t... |
Need To Know: Analysts Are Much More Bullish On Pinduoduo Inc. (NASDAQ:PDD) RevenuesPinduoduo Inc. ( NASDAQ:PDD ) shareholders will have a reason to smile today, with the analysts making substantial... |