Price1.78%   -1.77
pre-market Pre-market: 97.39 -0.51 -0.52%

Why is Pinduoduo Inc. (PDD) Stock going down?

20 Mar, 2023:

Pinduoduo - a Chinese e-commerce platform is down 14.17% today after reporting its four-quarter 2022 earnings. Its revenue missed expectations by $140 million as China's post-reopening consumer recovery remains patchy. One of the top reasons that lead to the decrease in PDD is weak consumer spending.

Pinduoduo Inc. operates an e-commerce platform in the People's Republic of China. It also operates Pinduoduo, a mobile platform that offers a range of priced merchandise. The company was formerly known as Walnut Street Group Holding Limited and changed its name to Pinduoduo Inc. in July 2018. Pinduoduo Inc. was founded in 2015 and is based in Shanghai, the People's Republic of China.
Cap:     |  Volume (24h):