Pinduoduo Earnings in Q1 2022 Beats Estimates, Stock Jumps 8%
(Pinduoduo) Pinduoduo stock rose more than 8% in premarket on Friday after reporting revenue of RMB23.8 billion or $3.753 billion in the first quarter of 2022. The revenue was 7%…
Pinduoduo Stock Jumps as It Turns Q4 2021 Profit, Active Users Grow
(Pinduoduo) Pinduoduo Inc. shares rose 5% on Monday premarket after reporting revenue of RMB27.23 billion or US$4.273 billion, up by 3% from the prior year. FY21 revenues were reported at…
Alibaba, Pinduoduo, and JD.com Surge as State Funds Buy Stocks of US-Listed Firms
(Bloomberg) Shares of Chinese giants including Alibaba, Pinduoduo, and JD.com rose on Tuesday as reports emerged that state backed funds were buying the shares. The move by the Chinese state-backed…
Pinduoduo Tumbles as Revenues in Q3 2021 Miss Estimates
(Pinduoduo) Pinduoduo shares fell more than 17% in premarket on Friday after the company reported a revenue of RMB21.51 billion or US$13.34 billion in the third quarter of 2021. The…