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Earlier this week, the CEO of e-commerce giant JD.com announced he'd be stepping down. He's the fifth high-profile departure in China's tech sector in two years.
Pinduoduo Inc. (NASDAQ:PDD – Get Rating)’s share price dropped 7.9% during trading on Thursday . The company traded as low as $42.80 and last traded at $43.10. Approximately 59,617 shares were traded during trading, a decline of 100% from the average daily volume of 33,761,912 shares. The stock had previously closed at $46.82. PDD has […]
E-commerce giant JD.com's founder Richard Liu is the latest to leave a tech leadership role in China.
Bessemer Group Inc. acquired a new position in shares of Pinduoduo Inc. (NASDAQ:PDD – Get Rating) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,700 shares of the company’s stock, valued at approximately $99,000. A number of other institutional investors and hedge funds have […]
Chinese e—commerce giant alibaba reported slowing growth in the second quarter, as earnings missed expectations. its core business has been hit by rising competition from other big players likejd.com and pinduoduo. and, as we heard, its outlook has been battered by the recent spate of chinese regulations in the tech sector. stay with us on bbc news, still to come: skate mania grips the uk as sky brown takes centre stage at the olympics. she wins the bronze 0lympics. she wins the bronze medal, she is team gb�*s youngest medal winner. we are going to look at the surge in demand now for skate...