Pinduoduo (NASDAQ: PDD) was just a 6-year-old e-commerce company when I first bought stock back in 2021 in this commerce site that leverages social interactions as part of its sales pitch. Despite its relatively young age, Pinduoduo had achieved some remarkable results up to that point, becoming one of the top three players in the Chinese e-commerce industry. Still, it was a risky company for investors to consider then. The founder had stepped down and the technology industry was facing enormous scrutiny from the Chinese government.

I took the risk and bought the stock at a time when everyone was avoiding Chinese companies. So far, my contrarian decision has paid off. The stock is up more than 51% in 2022 (although it's still down from all-time highs reached in February 2021).

Image source: Getty Images.

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Source Fool.com