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It has been a turbulent week for Pinduoduo 's (NASDAQ: PDD) investors. Despite reporting an 86% growth in its top line in the latest-quarter earnings, the leading e-commerce platform saw its stock ...
1. Temu's success is not a sure thing yet. Pinduoduo, an up-and-coming e-commerce platform in China, has shocked its competitors after growing at breathtaking speed to become one of China's top ...
Still working to turn a profit and shake off its fake-goods reputation, China’s e-commerce upstart Pinduoduo set itself another ambitious goal for 2025: surpass 1 trillion yuan or $145 billion ...
1. PDD is China's fastest-growing e-commerce leader. PDD was only founded nine years ago (as Pinduoduo), but it quickly carved out a niche with its discount marketplace, which targeted shoppers in ...
Still working to turn a profit and shake off its fake-goods reputation, China’s e-commerce upstart Pinduoduo set itself another ambitious goal for 2025: surpass 1 trillion yuan or $145 billion annual gross merchandise volume of agricultural products. The announcement arrived with the company’s Q2 results last Friday.
The e-commerce upstart has a big goal: selling $145 billion worth of agricultural products annually by 2025. It seems to be on track. The firm’s gross merchant volume, an e-commerce metric for ...
China's stock market reacted positively to the news. The CSI 300 ( 000300.SS ), Shanghai Composite ( 000001.SS ), and Hang Seng Index ( ^HSI ) all rose more than 4%.
The two company’s results are starkly different. In Q3 2023, PDD’s revenue rose 94% to $9.44 billion from a year earlier, and its net income increased 47% to $2.13 billion in the same period ...