Pinduoduo rises over 4% as US stock market capitalization overtakes Alibaba. As of now, the market capitalization of Pinduoduo is $192 billion, and Alibaba is $191.5 billion. So far this year, Pinduoduo has accumulated more than 77%.
Previously Pinduoduo released its earnings report, which showed that the third quarter revenue of 68.84 billion yuan, an increase of 9.39%, U.S. GAAP caliber net profit of 15.54 billion yuan, net profit margin of 22.6%. [Read More]
