Pinduoduo Inc (PDD)

Pinduoduo Inc (PDD)


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Pinduoduo Profile

Pinduoduo is a young Chinese technology platform founded recently in 2015. It’s platform allows agricultural farmers, distributors and consumers to connect directly with each other, allowing the agricultural sector to benefit from the digital economy. Pinduoduo is the largest online marketplace for agricultural products and one of the fastest growing Chinese tech companies with over 850 million active buyers. Pinduoduo has posted its first quarterly profit in Q2 of 2021 despite missing revenue targets from some analysts, suggesting growth could be slowing but the company is becoming profitable.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in US Eastern Time
Fri
09:30-16:00
Mon
09:30-16:00
Tue
09:30-16:00
Wed
09:30-16:00
Thu
09:30-16:00
Sun
Closed
Sat
Closed

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

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