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).

Topics:  pinduoduo nasdaq   pdd    aug   chinese   pinduoduo   ads   images   rmb   million   net   loss   growth   company   billion   widened   

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News