![]() ![]() Pinduoduo became adept at reducing costs by cutting out supply-chain middlemen and encouraging group buying. But analysts see similarities between the two firms. ![]() On the surface, the business model of Pinduoduo, an agriculture-focused e-commerce company, bears scant resemblance to that of Shein, a fast-fashion retailer. LatePost said Pinduoduo will assign its top executives to the goal of U.S. Media outlet LatePost last week attributed Pinduoduo’s overseas push to travails in the company’s home market. Huang himself has lost over $53 billion amid the decline in value of Pinduoduo’s stock. That drop has wiped $181 billion off Pinduoduo’s market capitalization the firm was valued at $241 billion in February 2021 compared with $60 billion today. For details, please see All brands and logos used on this website are the property of their respective owners.Pinduoduo’s stock price on Nasdaq has dropped over 75% since its peak in February of last year. In the event that DriveWealth LLC., fails and is placed in liquidation under the Securities Investor Protection Act, securities in your brokerage account may be protected up to $500,000. *DriveWealth LLC., a member of the Securities Investor Protection Corporation (SIPC), will serve as the custodian for your securities account. BY USING THE SERVICE OR CLICKING AGREE YOU ARE AGREEING TO BE BOUND BY THESE DISCLOSURES AND ALL TERMS AND CONDITIONS ON THIS WEBSITE/PLATFORM. PLEASE READ THIS FULL DISCLOSURE CAREFULLY BEFORE USING THIS SERVICE. Before making any investment decisions, investors should consult additional sources of information and/or their legal or tax advisor. Any investment decision and/or strategy that investors make or employ, whether or not such decision or strategy derives from or relies upon material accessed or provided through this website/platform, is undertaken at the investor’s sole discretion and risk. Reasonable efforts are taken to ensure the accuracy and integrity of all information provided here, but Borderless Investing is not responsible for misprints, out of date information, or errors. ![]() All information on this website/platform regarding products and services provided by Borderless Investing is subject to change without notice. Borderless Investing makes no guarantee as to the currency, accuracy, or quality of information published and/or archived on this website/platform, nor will Borderless Investing accept any responsibility for other organizations, businesses, and private persons that provide information on this website/platform. The material on this website/platform is provided solely for informational and educational purposes and shall not in any manner be considered a recommendation or endorsement of any strategy or investment, nor an offer to sell or a solicitation of an offer to buy securities, products or services nor advice. It accepts no liability for any damages or losses, however, caused in connection with the use of related services.Īll investments involve risk and returns will fluctuate, are subject to market volatility and may cause losses. As such, Borderless Investing makes no warranties or representations, express or implied, on products and services offered through its website/platform. The Stockal Platform enables investments in a diverse set of global assets from a single account from anywhere in the world. Ltd., (SEBI INZ000301236), acting as the introducing entity has entered into a clearing agreement with DriveWealth LLC., to offer U.S. Borderless Investing Inc., (“Borderless Investing”), the owner of the Stockal Platform, is not a broker-dealer nor an investment advisor and through its affiliate stockbroker Stockal Securities Pvt. ![]()
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