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Pinduoduo Inc – ADR PDD shares are trading higher by 5.64% to $50.64 Tuesday afternoon in sympathy with JD.Com Inc JD
which reported better-than-expected second-quarter earnings results.
JD said second-quarter revenue increased 5.4% year-over-year to RMB267.6 billion ($40 billion), which beat average analyst estimates of $38.63 billion, according to Benzinga Pro. Product revenues jumped 2.9% year-over-year, while service revenues increased by 21.9%.
The Chinese e-commerce company reported quarterly adjusted earnings of 61 cents per share, which beat average analyst estimates of 40 cents per share… Read More
According to data from Benzinga Pro, Pinduoduo has a 52-week high of $109.79 and a 52-week low of $23.21.
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Image and article originally from www.benzinga.com. Read the original article here.