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Why Pinduoduo Stock Jumped Today

TheMotleyFool

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Shares of Pinduoduo (NASDAQ: PDD) were surging today, although there was no company-specific news on the stock. Instead, shares of the social commerce specialist seemed to be gaining on China's announcement Monday that it would change its two-child policy to a three-child policy, encouraging larger families.

As a result, the stock finished the day up 11.6%.

Image source: Getty Images.

Source Fool.com

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