Pinduoduo Stock Skyrockets after Alibaba’s Antitrust Proceeding

(Source: iyiou.com)

China’s largest interactive e-commerce platform Pinduoduo (拼多多) has been on the rise for the past few months. By Dec. 30 at 9:00 p.m. EST, Pinduoduo’s share price rose by 7.77% to $179.11 and its market value reached 219.647 billion, surpassing food delivery site Meituan’s $218 billion. After Tencent and Alibaba, Pinduoduo is now the …