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0 -0.00188406984291014 -0.000938884302988727 -0.000938884302988727 0.000321363083573228 0.0015816104701353 0.0015816104701353 0.00756778555630464
Stock impact report

Why Pinduoduo's Brutal Sell-Off Could Be an Opportunity [The Motley Fool]

PDD Holdings Inc. - American Depositary Shares (PDD) 
Company Research Source: The Motley Fool
Why Pinduoduo's Brutal Sell-Off Could Be an Opportunity Sometimes, you have to spend money to make money. That's certainly the mantra of Zheng Huang, the CEO of the Chinese e-commerce platform Pinduoduo ( NASDAQ:PDD Pinduoduo went public back in July 08 at $9 per share, with the promise of a unique e-commerce model. Initially targeting lower-tier Chinese cities and rural customers, it offered price-sensitive shopers large discounts on an array of goods by allowing them to team up online and buy in bulk. The social aspect of Pinduoduo was a unique feature of the e-commerce experience. Thanks to the company's explosive growth Image source: Getty Images. Huge growth, on both revenue and costs At first, Pinduoduo's sell-off is surprising in light of its stellar revenue growth. Sales surged % year over year, on the back of % growth in gross merchandise volume. Monthly active users grew 8% to 9. million, and the annual spending per active buyer surged 7%. These are fantastic growth numbers Show less Read more
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