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Pdd Holdings inc (NASDAQ: PDD) |
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Price: $105.0000
$-1.31 
-1.232%
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| Day's High:
| $106.05
| Week Perf:
| 0.99 %
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| Day's Low: |
$ 103.91 |
30 Day Perf: |
5.37 % |
| Volume (M): |
4,478 |
52 Wk High: |
$ 155.67 |
| Volume (M$): |
$ 470,232 |
52 Wk Avg: |
$114.43 |
| Open: |
$105.99 |
52 Wk Low: |
$87.11 |
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| Market Capitalization (Millions $) |
130,200 |
| Shares
Outstanding (Millions) |
1,240 |
| Employees |
9,602 |
| Revenues (TTM) (Millions $) |
53,955 |
| Net Income (TTM) (Millions $) |
15,403 |
| Cash Flow (TTM) (Millions $) |
605 |
| Capital Exp. (TTM) (Millions $) |
0 |
Pdd Holdings Inc
Pinduoduo Inc is a Chinese company based in Shanghai, founded in 2015 by Colin Huang. It is an online platform where users can purchase a wide variety of products such as clothing, electronics, groceries, home appliances and many others at discounted prices through group buying. Pinduoduo works as a social network platform and targets lower-tier cities and consumers wanting to purchase affordable products.
The company operates on a unique business model, which combines social commerce and e-commerce to offer consumers a more engaging and social way to shop online. Pinduoduo allows users to form groups and purchase products together to get a discount, thereby encouraging users to share deals with friends and family members via social media platforms like WeChat and QQ. This strategy has helped build a loyal user base of more than 800 million active buyers as of June 2021.
In recent years, Pinduoduo has emerged as a leading e-commerce player in China. In 2020, the company was ranked third after Alibaba and JD.com in terms of online retail market share, according to eMarketer. Pinduoduo's revenue in 2020 reached $9.1 billion which is a significant growth from $1.2 billion the past year.
One of the key drivers of Pinduoduo's rapid growth is its affordability and value for money. The platform allows small businesses to offer their products to consumers across China, and this creates an opportunity for consumers to buy at lower prices while supporting the local sellers. Additionally, the company has invested heavily in technology, especially artificial intelligence and machine learning which helps the company recommend products to customers based on their purchasing behaviors and preferences.
Pinduoduo has also been proactive in adopting innovative technologies such as mini-programs, livestreaming, and gaming features to enhance its user engagement rates. Through these initiatives, the company has built a highly engaged user base, with an average user spending more than an hour per day on the platform.
Despite its growth, Pinduoduo has faced several controversies, including the quality of products sold on the platform and the treatment of its employees. To address these issues, the company has taken measures to improve product quality, such as partnering with well-known brands and leveraging the power of blockchain technology to improve product authenticity and tracing. The company has also increased its focus on social responsibility and has announced several initiatives aimed at improving the welfare of its employees.
In conclusion, Pinduoduo Inc is a unique social-commerce e-commerce platform that has revolutionized online shopping in China. The company's combination of affordability, technology, and social features has helped it build a broad user base and emerge as a top e-commerce player in China. With its relentless pursuit of innovation and user-centric approach, the company seems poised for even greater success in the future.
Company Address: First Floor, 25 St Stephen?s Green Dublin 2 0
Company Phone Number: 5397938 Stock Exchange / Ticker: NASDAQ PDD
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| Announcement
Published Thu, Oct 10 2024 5:46 PM UTC
As the landscape of securities litigation continues to evolve, PDD Holdings Inc. formerly known as Pinduoduo Inc. finds itself at the center of a significant legal event. The Rosen Law Firm, a well-regarded global counsel specializing in investor rights, has issued a timely reminder to investors regarding an upcoming deadline associated with a class action lawsuit that has s...
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| Announcement
Published Sat, Sep 21 2024 7:34 PM UTC
Understanding the Legal Action On September 21, 2024, Rosen Law Firm, a renowned global investor rights firm, issued a critical reminder to investors of PDD Holdings Inc. formerly known as Pinduoduo Inc. (NASDAQ: PDD). The firm stresses the urgency for eligible investors to secure legal representation ahead of the October 15, 2024, lead plaintiff deadline in the securities c...
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| Announcement
Published Sat, Sep 7 2024 8:19 PM UTC
Legal Action Against PDD Holdings Inc: Investors Urged to Secure Counsel PDD Holdings Inc. formerly known as Pinduoduo Inc. is currently under legal scrutiny as the Rosen Law Firm, a global investor rights law firm, calls on investors to join a securities class action lawsuit. The firm has urged purchasers of PDD securities during the period from April 30, 2021, to June 25, ...
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| Announcement
Published Wed, Aug 21 2024 10:15 PM UTC
In a significant development for PDD Holdings Inc. (formerly known as Pinduoduo Inc.), Rosen Law Firm has recently announced the filing of a class action lawsuit concerning alleged securities violations. The case, representing investors who acquired shares of PDD between April 30, 2021, and June 25, 2024, is set against the backdrop of increasing scrutiny surrounding the Chi...
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| Announcement
Published Sat, Aug 10 2024 9:27 PM UTC
PDD Holdings Under Scrutiny: Implications for Investors Amid Legal Investigations In a recent development, Rosen Law Firm, a globally recognized investor rights law firm, reiterated its ongoing investigation into potential securities claims against PDD Holdings Inc., formerly known as Pinduoduo Inc. (NASDAQ: PDD). The announcement, made on August 10, 2024, encourages shareho...
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| Per Share |
Current |
| Earnings (TTM) |
2.6 $ |
| Revenues (TTM) |
43.51 $
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| Cash Flow (TTM) |
0.49 $ |
| Cash |
36.63 $
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| Book Value |
34.62 $
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| Dividend (TTM) |
0 $ |
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| Per Share |
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| Earnings (TTM) |
2.6 $
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| Revenues (TTM) |
43.51 $ |
| Cash Flow (TTM) |
0.49 $ |
| Cash |
36.63 $
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| Book Value |
34.62 $ |
| Dividend (TTM) |
0 $ |
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