Topic: How To Invest

Power Growth Investor Hotline – Friday, May 29, 2020

Article Excerpt

PINDUODUO INC., $66.87, 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. The stock is now up 98.2% for our subscribers since we first recommended it in our November 2019 issue at $33.74 a share. The company’s shares have held up well in the current market downturn. That’s because its e-commerce model is ideally suited for Chinese consumers at a time when stores in many areas are still reopening. Consumers can still order and get goods online, with packages left at front doors to avoid person-to-person contact. All payments are made online. Pinduoduo is like a mix of Groupon and a discount store. It uses group buying and social networking via the popular WeChat mobile messaging app to meet the minimum group size mandated by the merchant within a 24-hour time period. In theory that leads to all participants enjoying a better deal. The…

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