Comment on Should You Chase Pinduoduo’s Post-Earnings Pop?

Should You Chase Pinduoduo’s Post-Earnings Pop?

Shares of Pinduoduo (NASDAQ: PDD) rallied 8% on Aug. 31 after the Chinese e-commerce company posted its second-quarter earnings. The company generated 2.71 billion RMB ($409.4 million) in revenue, which represented nearly 26 times growth from a year ago and 96% growth from the first quarter.However, Pinduoduo's net loss widened from 109.5 million RMB in the prior-year quarter to 6.49 billion RMB ($981.4 million).

 

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