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3 Catalysts for Pinduoduo's Stock in 2021

3 Catalysts for Pinduoduo's Stock in 2021

Pinduoduo's (NASDAQ: PDD) stock quadrupled this year as the Chinese e-commerce company dazzled investors with its robust revenue growth. Its revenue rose 130% last year, then grew another 70% year-over-year in the first nine months of 2020. However, Pinduoduo remains unprofitable, it faces stiff competition from its bigger rivals Alibaba (NYSE: BABA)...

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