and Why Is It Beating Up Alibaba (BABA) and JD.com (JD)?

Tue, 28 Nov 2023 15:12:09 +0000
World

Chinese e-commerce giant PDD Holdings Inc. (NASDAQ: PDD), formerly known as Pinduoduo, reported earnings early Tuesday morning that blew the doors off consensus estimates and sent ‌its stock price soaring, up more than 18% in the premarket session. Since its IPO in the summer of 2018, PDD’s stock…