PDD:NAS is now under Algo Engine buy conditions. The company is China’s largest agriculture and interactive commerce platform.
Pinduoduo has surpassed Alibaba as China’s largest e-commerce company with 788 million active users according to its latest quarterly earnings report.
You're not a member! Trial today
We expect buying interest to build above the $125 support level.
Q121 earnings showed continued growth with revenue increasing 239% to 22.2 billion yuan ($3.4 billion) in the three months ended March, beating consensus analyst estimates.
The number of annual active buyers for the 12 months ended March increased to 823.8 million, making Pinduoduo the most widely used e-commerce platform in China.
