In this video, I will go over Pinduoduo's (PDD 0.97%) recent earnings report and what it means for Alibaba (BABA 2.46%).
*Stock prices used were from the trading day of Aug. 26, 2024. The video was published on Aug. 26, 2024.
Free Article
You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
Pinduoduo Stock Plummets -- Is This Good News for Alibaba Stock Investors?
By Neil Rozenbaum
–
Aug 27, 2024 at 7:00AM
NYSE: BABA
Alibaba Group
Market Cap
$269B
Today's Change
(2.46%) $2.89
Current Price
$120.19
Price as of July 18, 2025, 3:58 p.m. ET
Alibaba's big competitor is now facing major headwinds.
Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool recommends Alibaba Group. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Stocks Mentioned
Alibaba Group
BABA
$120.19
(2.46%)
$2.89
PDD Holdings
PDD
$109.00
(0.97%)
$1.05
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
Related Articles
Alibaba to $300? Why Qwen3 AI Could Trigger the Next Big Rally.
4 Quality Stocks Set to Recover This Summer
The Best Stocks to Invest $1,000 In Right Now
Why Alibaba Stock Was a Winner on Wednesday
Why Is Alibaba Stock Down After Great Earnings?
Premium Investing Services
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.