Pinduoduo Stock Just Hit a 2-Year High. Here's Why.
It has been challenging for investors in Chinese companies in the last two years. Leading names like Alibaba, , and others saw massive declines in their share prices.
Yet the up-and-coming e-commerce company Pinduoduo (NASDAQ: PDD) went against the crowd as its share price recently hit a two-year high. Let's delve into the factors that have fueled this outperformance.
Source Fool.com