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home / news releases / PDD - Chinese Internet Stocks: Chicken Little Warned China Bulls Disagreed

PDD - Chinese Internet Stocks: Chicken Little Warned China Bulls Disagreed

Pinduoduo Inc.
  • To the dismay of well-meaning commentators advising against investments in Chinese stocks, investors continued to pile into them, enabling their sustained rally from the August trough.
  • Market players could have been comforted by a series of supportive messaging by Beijing regarding foreign capital.
  • Amid fear over the legality of VIEs, China approved a VIE-structured firm to list on a domestic exchange.
  • Gaming stocks were hammered once again, amid conflicting reports of a freeze in videogame approvals in China.

For further details see:

Chinese Internet Stocks: Chicken Little Warned, China Bulls Disagreed
Stock Information
Company Name: Pinduoduo Inc.
Stock Symbol: PDD
Market: NASDAQ
Website: pinduoduo.com
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