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Fly News Breaks for October 9, 2019
PDD
Oct 9, 2019 | 06:18 EDT
Nomura Instinet analyst Jialong Shi initiated coverage of Pinduoduo with a Neutral rating and $34 price target. The company has "significantly improved" its position to be China's third-largest e-commerce platform in terms of gross merchandise value, and is uniquely positioned to appeal to price conscious customers, says the analyst.
News For PDD From the Last 2 Days
