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Tag: social commerce group discount platform

Pinduoduo Reports Big Wins and Losses in the First Post-IPO Report Amidst Counterfeit Goods Scandal

IndustryCarol YinAugust 31, 20180

After going public in July, the e-commerce giant Pinduoduo Inc. (PDD) released its first quarterly report on Aug. 30, showing some big gains and even bigger losses.

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Pinduoduo Goes Public in the U.S., Stock Price Surges 44%

IndustrySka SijiaJuly 27, 20180

China’s social commerce group discount platform Pinduoduo had its debut on the Nasdaq at 7 p.m. July 26 (Beijing time), and ended its first trading day with a stock price of $26.70, valuing the company at $29.6 billion.

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