In this video, I will go over Pinduoduo's (PDD 5.19%) recent earnings report and what it means for Alibaba (BABA 3.40%).
*Stock prices used were from the trading day of Aug. 26, 2024. The video was published on Aug. 26, 2024.
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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
$271B
Today's Change
(3.40%) $3.85
Current Price
$116.94
Price as of June 24, 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
$116.94
(3.40%)
$3.85
PDD Holdings
PDD
$107.24
(5.19%)
$5.29
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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