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Fly News Breaks for August 19, 2019
JD, BABA, PDD
Aug 19, 2019 | 08:45 EDT
Barclays analyst Gregory Zhao initiated Pinduoduo (PDD) with an Overweight rating and $32 price target, noting that the company has been able to break through the Alibaba (BABA) and JD.com (JD) duopoly to accumulate a sizeable user base with its unique team-buy, social marketplace model. He expects upside in its ARPU and take rate during its expansion into the high-end market, Zhao noted.
News For PDD;BABA;JD From the Last 2 Days
