Pinduoduo Pops While Canaan Drops
Pinduoduo, now known as PDD Holdings, is rebounding from nearly seven-month lows following better-than-expected results. 👍
The company’s adjusted earnings per American depository share (ADS) of RMB6.92 was well above the RMB4.46 expected. Its gross margin also improved from 69.9% to 70.4%.