China's Gome to raise $200 million through debt sale to Pinduoduo: source [Reuters]
PDD Holdings Inc. - American Depositary Shares (PDD)
Company Research
Source: Reuters
China's Gome to raise $200 million through debt sale to Pinduoduo: source SHANGHAI (Reuters) - Chinese electronics retailer Gome Retail Holding is planning to raise $200 million through a convertible bond issue to e-commerce platform Pinduoduo, a source with direct knowledge of the matter said on Sunday. The bonds will carry a coupon of 5% per annum and the two companies will also form a strategic partnership, the source said. A Pinduoduo spokeswoman declined to comment and Gome did not immediately reply to a request for comment. The deal comes as the COVID-19 pandemic, which first emerged in China last December, has sent a shudder through the global retail industry. Pinduoduo also earlier this month raised $1.1 billion in a private share placement and the deal will mark its first investment in another company since the e-commerce platform was founded in 2015. The two companies on March 31 jointly held a promotion to give away 500 million yuan worth of discounts and consumption subsid
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PDD
News
- PDD Holdings Inc. (PDD) Surges 10.5%: Is This an Indication of Further Gains? [Yahoo! Finance]Yahoo! Finance
- China has a 'fake gold' problem — locals are getting scammed into buying artificial jewelry [MSNBC.com]MSNBC.com
- China has a ‘fake gold' problem — locals are getting scammed into buying artificial jewelry [CNBC]CNBC
- PDD Holdings Files Annual Report on Form 20-F for Fiscal Year 2023GlobeNewswire
- Alibaba: Let's Clear Up Some Misconceptions [Seeking Alpha]Seeking Alpha
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