|Bid||0.00 x 800|
|Ask||0.00 x 1300|
|Day's Range||140.58 - 148.94|
|52 Week Range||30.20 - 155.61|
|Beta (5Y Monthly)||1.20|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
These lesser-known index components are hitting new highs in this mixed autumn market.
Pinduoduo (NASDAQ: PDD), China's third-largest e-commerce company after Alibaba (NYSE: BABA) and JD.com (NASDAQ: JD), launched a new service called Duo Duo Maicai ("More Grocery Shopping") in August. Maicai lets shoppers pre-order groceries online, then pick them up from local stores the next day or wait for door-to-door deliveries within three to five days. Maicai might initially seem like a minor extension of Pinduoduo's core platform, which sells discount products and encourages shoppers to make group purchases, but the company's management mentioned the new platform dozens of times during its latest conference call.
Pinduoduo (NASDAQ: PDD) last week announced its first-ever quarterly net profit as a publicly traded company. The leading e-commerce company in China reported $69 million in profit (on an adjusted basis) for the third quarter of 2020 thanks to solid revenue growth. Pinduoduo delivered a solid quarter with growth across all metrics.