"PDD Market News" Pinduoduo's U.S. stock pre-market once plummeted 8.5%, with fourth-quarter revenue falling short of market expectations
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PDD's U.S. stock pre-market once plummeted 8.5%. In the fourth quarter, revenue was RMB 110.61 billion, a year-on-year increase of 24%, but lower than market expectations. NON-GAAP net profit was RMB 29.85 billion, a year-on-year increase of 17%, slightly exceeding expectations. Analysts' average forecast for adjusted net profit in the fourth quarter is RMB 29.48 billion, and the average revenue forecast is RMB 115.38 billion. Alibaba and JD.com’s stock prices fell by 4.2% and 5.4%, respectively
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