Pinduoduo crashed 28% in Nasdaq trading

[Dr Christopher Cheok C S]

(Reuters) -China’s PDD Holdings missed market estimates for quarterly revenue on Monday, as reduced consumer spending dented business at its domestic e-commerce platform Pinduoduo, sending the company’s shares down more than 25% in early trade. Pinduoduo Inc. is a Chinese online retailer with a focus on the traditional agriculture industry. The business is the largest product of PDD Holdings, which also owns the online marketplace Temu.

https://www.reuters.com/world/china...misses-quarterly-revenue-estimates-2024-08-26

 

[Pinkieslut]

Temasick should buy buy buy!

 

[laksaboy]

Temasick should buy buy buy!

No one sane should touch anything related to China now.

 

[Groovejazz]

Wow. Took them long enough. Brilliant idea but not sustainable. Will 1:6?

 

[Dr Christopher Cheok C S]

PDD crashed by another 10% in two days to US$90

 

[bart12]

PDD is full of fraud

 

[laksaboy]

All Tiong stocks will eventually be delisted.

Including the 'Singapore-based' ones.

Cut your losses, shatter your delusions and wake up.

 

[Dr Christopher Cheok C S]

PDD is full of fraud

Shopee also, i kanna twice.
Closed account and moved on

 

[JurongEast]

 

[Loofydralb]

Temasick should buy buy buy!

Temasick would have bought it at a high a long time ago. I'd be disappointed if they didn't.

 

[laksaboy]

Shopee also, i kanna twice.
Closed account and moved on

Shopee started forcing register or sign-in earlier this year, about two or three months ago. Previously, anyone could just browse the Shopee pages.

 

[JurongEast]

 

[Narong Wongwan]

Temasick should buy buy buy!

Likely bought at the peak liao

 

[syed putra]

Looks like US has fired the first shot.

 

[rushifa666]

No one sane should touch anything related to China now.

And I thought sgx was retarded. Angmoh also no brain now