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PDD - Large Foreign Ownership Might Put Alibaba And Tencent At Greater Risk
September, 03 2021 09:30 AM
Pinduoduo Inc.
Chinese stocks may be regrouping from low prices, but there could be unappreciated risks. The political tide seems to be shifting, and Xi's government seems willing to hurt companies without worrying about capital markets. If that's the case, the Chinese stocks with the largest percentage of foreign owners such as Alibaba and Tencent could face even greater risk. For further details see:
Large Foreign Ownership Might Put Alibaba And Tencent At Greater Risk
Stock Information
Company Name:
Pinduoduo Inc.
Stock Symbol:
PDD
Market:
NASDAQ
Website:
pinduoduo.com
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