Stock Investing
Pinduoduo (PDD): Factors That Can Drive E-commerce Retailer High
Over the year, online retailer Pinduoduo Inc. (PDD) has risen more than 308 percent. The group displayed rapid sales growth and expansion in promising business areas throughout the last year. Any of Pinduoduo’s growth variables are long-term. After Alibaba and JD.com, Pinduoduo is China’s third-largest e-commerce site. Its difference from rivals is the ability for consumers to collaborate and to make mutual transactions. Pinduoduo has been establishing a lucrative segment for the selling of agricultural products in recent quarters. At the same time, also in this category, the organization embraces the community purchasing feature, which decreases the total cost per
