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Is Pinduoduo a Buy Under $60? -Breaking

by Mike Robinson

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© Reuters. Is Pinduoduo a Buy Under $60?

Pinduoduo (NASDAQ:) is one of China’s fastest-growing e-commerce companies, with more than 700 million average active users. Analysts expect PDD to expand at an increased pace over the next few years. But, after yesterday’s adoption of the Holding Foreign Companies Accountable Act by the SEC, can PDD still be considered a good buy? Learn more. Pinduoduo Inc. is an e-commerce mobile platform that operates in China. PDD’s headquarters are located in Shanghai and is known for their value-for money goods and interactive shopping.

The price of PDD’s ADR has been declining over the past year due to concerns surrounding the potential delisting of Chinese stocks that are non-compliant with the SEC rules.

The stock has declined 66.6% in price year-to-date to close yesterday’s trading session at $59.28.

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