2 Risks Investors Should Know Before Buying Pinduoduo Stock [Yahoo! Finance]
PDD Holdings Inc. - American Depositary Shares (PDD)
Company Research
Source: Yahoo! Finance
It delivered a solid financial performance in the last few quarters, and its cross-border e-commerce marketplace Temu has captured the mindshare of millions of overseas consumers. Pinduoduo's stock price is up by more than 50% in the last 12 months and investors are optimistic that the momentum could continue in 2024. Still, there are always risks when investing in any company. Here are two critical aspects that investors should be aware of before rushing to buy this stock. 1. Management has a track record of being extremely low profile Pinduoduo is one of the least-known success stories of the last decade. Founded in 2015, the young e-commerce company already made $1.9 billion by 2018. In 2023, revenue reached $34.9 billion, and net income hit $8.5 billion -- a remarkable growth track record with solid profitability. Despite its achievements, Pinduoduo didn't gain commensurate attention from investors, thanks to its track record of keeping a low profile. The management team h
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PDD
News
- PDD Holdings Files Annual Report on Form 20-F for Fiscal Year 2023GlobeNewswire
- Alibaba: Let's Clear Up Some Misconceptions [Seeking Alpha]Seeking Alpha
- China’s Pinduoduo Has Reshaped Discount Shopping [The New York Times]The New York Times
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- Shanghai Hi-Dolphin's Cofe+ Robot Café Completes Series A Funding Round with Leading Investors [Yahoo! Finance]Yahoo! Finance
PDD
Earnings
- 3/20/24 - Beat
PDD
Sec Filings
- 4/25/24 - Form 20-F
- 3/27/24 - Form 144
- 3/26/24 - Form 144
- PDD's page on the SEC website