Are Pinduoduo's High-Growth Days Already Over?

Shares of Pinduoduo (NASDAQ: PDD) recently plunged after the Chinese e-commerce company's third-quarter numbers missed expectations on the top and bottom lines. Its revenue rose 123% annually to 7.51 billion yuan ($1.05 billion), but missed expectations by $30 million and marked the company's slowest growth since its IPO last July.

Its net loss widened from 1.1 billion yuan to 2.34 billion yuan ($327 million). On a non-GAAP basis, which excludes stock-based compensation and other one-time expenses, its net loss still widened from 619 million yuan to 1.66 billion yuan ($232 million), or $0.20 per ADS -- which also missed expectations by $0.13.

Pinduoduo's big miss raises red flags since its bigger rivals Alibaba (NYSE: BABA) and JD.com (NASDAQ: JD) both posted robust e-commerce growth in their latest quarters. Does this indicate that Pinduoduo's high-growth days are already over?

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Source Fool.com