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PDD / Pinduoduo stock rises after mixed earnings report

Shares of Pinduoduo were up nearly 5% in premarket trading Monday after the company, which connects consumers and agricultural producers in China, reported a mixed fourth quarter. The company generated fourth-quarter net income of RMB6.62 billion ($1.04 billion), or RMB4.66 per American depositary share, whereas the company had recorded a loss of RMB1.37 billion, or RMB1.13 per ADS, in the year-prior quarter. Read More

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Pinduoduo

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PDD

Posted: Mar 21 2022, 08:13

Author Name: Market Watch

PDD News

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