Topic: How To Invest

Power Growth Investor Hotline – Friday, March 5, 2021

Article Excerpt

PINDUODUO INC., $156.82, is a buy for aggressive investors. The company (ADR symbol PDD on Nasdaq) offers a Chinese shopping app that brings groups of buyers together to win deeper discounts. Pinduoduo is now China’s largest agriculture platform—and it doubled the value of agricultural orders it handled last year as the pandemic pushed more people to order food and groceries online. The company recorded more than 270 billion yuan ($42 billion U.S.) in agriculture-related GMV in 2020, up from 136 billion yuan in 2019. (Gross merchandise value (GMV) is the total value of merchandise sold over a given period of time through a customer-to-customer (C2C) exchange site.) Pinduoduo has focused on agriculture since its launch in 2015, and now connects more than 12 million farmers directly to its user base of 731 million consumers. Last year, as COVID-19 disrupted food supply chains and threatened farmer livelihoods, the company held live streaming sessions with hard-hit farming communities to promote their agricultural products. As part of…

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