CQQQ - Pinduoduo's Secondary Offering Insights From New Economy Index
By ALT Perspective
In this week's issue of Chinese Internet Weekly, following the discussion on the underperformance of Pinduoduo's (PDD) share price, I provide my takeaways from the January China New Economy Index as well as my market outlook.
As explained in a past issue of the Chinese Internet Weekly, I found the top constituents of the KraneShares CSI China Internet ETF (KWEB) (CQQQ) (FXI) to be more relevant to the sector. Hence, allow me to provide an overview of the week's share price movements of