Pinduoduo Inc. (PDD) News

Pinduoduo Inc. (PDD)

Today's Latest Price: $89.98 USD

4.14 (-4.40%)

Updated Oct 30 4:00pm

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Ranked of 115 in China

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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.

Pinduoduo, Western Digital led Q3 tech laggards

Q3 battered the energy sector but the tech industry survived a rout and finished with Information Technology up 11.7% and Communications Services up nearly 9% compared to the 9% gain for the S&P 500.Pinduoduo (PDD) was one of the sector's top laggards from the Nasdaq-100, down 34% after a Q2 sales miss and...

Seeking Alpha | October 2, 2020

EMQQ: Wait For A Price Correction Before Getting Exposure To Emerging Market eCommerce

Most of my readers know that I cover several eCommerce companies like Blue Apron (APRN), HelloFresh (HLFFF), and B2W Digital (BTOOY). E-Commerce companies like the ones just mentioned require me to be up to date on new trends, and while I was studying these recent trends, I came across Emerging...

James Cherry on Seeking Alpha | September 11, 2020

Breaking down quarterly earnings from BABA, JD, and PDD · TechNode

Elliott, James, and Michael Norris discuss quarterly earnings reports of Alibaba, JD, and Pinduoduo, and what investors can expect.

TechNode | September 1, 2020

You think FAANG is distorting the S&P? Consider Alibaba, Tencent, Meituan

In China, however, the competitive landscape is a lot murkier. Alibaba continues to face fierce competition from Inc. and Pinduoduo Inc

Business Standard | September 1, 2020

Chinese Pinduoduo Ventures into Hotel Business, Taking on Trip.Com And Meituan

Hotel chain operator Huazhu Hotels Group (NASDAQ: HTHT) has launched a flagship store on Pinduoduo (NASDAQ: PDD), making its 2,000 hotels accessible to the social e-commerce platform’s 568.8 million monthly active users, Pinduoudo confirmed with KrASIA on Monday. This is the first time that a hotel chain operator in China has opened such an online […] The post Chinese Pinduoduo Ventures into Hotel Business, Taking on Trip.Com And Meituan appeared first on South Africa Today .

South Africa Today | August 26, 2020

NIO Challenging Tesla With BaaS

NIO (NIO) is upping the battle with Tesla (TSLA) in China after rolling out its new BaaS services. China cut NEV subsidies back in April, and put a limit of 300,000 yuan on the subsidy, practically eliminating luxury manufacturers while forcing Tesla to become more conscientious of its pricing strategies....

Damien Robbins on Seeking Alpha | August 25, 2020

Why KeyBanc Is Bullish On Pinduoduo Despite Short-Term Challenges

While Pinduoduo Inc’s (NASDAQ: PDD) near-term prospects remain under pressure due to elevated competition, its big new customer wins and market share …

Benzinga | August 24, 2020

PDD doubles down on investment in online agriculture, ramping up rivalry with JD, Alibaba

Pinduoduo is to ramp up competition with Chinese e-commerce competitors Alibaba Group Holding and by doubling down on rural e-commerce, after the Shanghai-based company said it saw the sector as a strategic focus over the next five years.The social commerce player aims to become China’s No. 1 online agriculture platform by investing in related technologies and operations, with gross merchandise volume (GMV) for agricultural products expected to exceed 1 trillion yuan in five years,…

South China Morning Post | August 24, 2020

Breakingviews - Pinduoduo gets stung by its own shopping hype

(Reuters Breakingviews) - Pinduoduo gets stung by its own shopping hype. Investors erased $16 billion in market value from the Chinese company as orders on its e-commerce app disappointed. The problem revolves around its "gross merchandise value", a confusing metric and more so when consumer sentiment is volatile. New boss Chen Lei has had a costly lesson in why hard numbers rule.

Reuters | August 23, 2020

A bubble? The stellar growth of China's e-commerce upstart Pinduoduo

At $114bn, its market value is above HSBC – but questions remain about business model and if it will ever be profitable It is a company that is just about to turn five years old but is valued more highly than the oil giant Shell, or HSBC, one of the largest banks in the world. Pinduoduo is the latest behemoth produced by China’s tech machine, an online shopping site that specialises in extraordinary discounts on everything from tissues to Teslas. And its market value has more than doubled in recent months to $114bn (£87bn). Continue reading…

The Guardian | August 22, 2020

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