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Pinduoduo Stock Just Hit a 2-Year High. Here's Why.


It has been challenging for investors in Chinese companies in the last two years. Leading names like Alibaba, , and others saw massive declines in their share prices.

Yet the up-and-coming e-commerce company Pinduoduo (NASDAQ: PDD) went against the crowd as its share price recently hit a two-year high. Let's delve into the factors that have fueled this outperformance.

Image source: Getty Images.

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Source Fool.com

Tencent Holdings Ltd. Stock

€44.58
-0.890%
The price for the Tencent Holdings Ltd. stock decreased slightly today. Compared to yesterday there is a change of -€0.400 (-0.890%).
Currently there is a rather positive sentiment for Tencent Holdings Ltd. with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 55 € shows a positive potential of 23.37% compared to the current price of 44.58 € for Tencent Holdings Ltd..
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