2 Reasons Pinduoduo Is the Stock to Watch Now
When Pinduoduo (NASDAQ: PDD) went public in 2018, most investors hadn't heard about it. The few who did were skeptical about its long-term prospects. There were already two giants ( and JD.com) in the Chinese e-commerce market, so the 3-year-old company was probably another one of these wannabe e-commerce platforms that would fade over time.
Yet, Pinduoduo proved all the bears wrong as it has grown to become the second-largest e-commerce platform in China, with around 900 million active buyers. Let's delve into two compelling reasons why Pinduoduo should be on every investor's radar.
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Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€68.60
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The stock is one of the favorites of our community with 43 Buy predictions and 2 Sell predictions.
With a target price of 109 € there is a hugely positive potential of 58.89% for Alibaba Group Holding Ltd ADR compared to the current price of 68.6 €.
