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

$286B

Today's Change

(-0.38%) -$0.46

Current Price

$119.50

Price as of June 6, 2025, 3:58 p.m. ET

Alibaba's big competitor is now facing major headwinds.

In this video, I will go over Pinduoduo's (PDD 1.30%) recent earnings report and what it means for Alibaba (BABA -0.38%).

*Stock prices used were from the trading day of Aug. 26, 2024. The video was published on Aug. 26, 2024.

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.

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