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Pinduoduo's US stock market capitalization surpassed Alibaba and became the largest US stock by market capitalization.

2024-02-28 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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Thanks to CTOnews.com netizens lemon_meta, West window for the delivery of clues about the past! According to CTOnews.com news on November 29, pinduoduo's share price rose more than 3% in early trading on Wednesday, surpassing Alibaba to become the largest US stock by market capitalization. As of CTOnews.com, pinduoduo has a market capitalization of US $192 billion (CTOnews.com Note: currently about 1.37 trillion yuan) and Alibaba US $191.5 billion (currently about 1.37 trillion yuan).

CTOnews.com noted that according to Dachang Youth News, Ma Yun made a rare speech on Ali Intranet on the morning of November 29, evaluating pinduoduo's financial report data and talking about the future of e-commerce.

An employee said: "I can't sleep at the moment, and I can't imagine that pinduoduo's market capitalization has directly reached 185.5 billion US dollars, compared with our 194.3 billion, the gap is only 8 billion, which is really a shock." that inconspicuous cut a knife, soon become a big brother. "

Jack Ma replied: "very good." Please put forward more constructive suggestions and suggestions. Especially innovative ideas. I believe everyone in Ali today is watching and listening. I firmly believe that Ali will change, Ali will change. All great companies are born in winter. The era of AI e-commerce has just begun, and it is both an opportunity and a challenge for everyone. Congratulations to pdd on its decisions, implementation and efforts over the past few years. Everyone has made mistakes, but only those who can reform for the sake of tomorrow's longicorn beetles and are willing to pay any price and sacrifice are respected. Back to our mission and vision, Ali, come on! Partner Jack Ma.

According to previous CTOnews.com reports, pinduoduo's revenue in the third quarter was 68.84 billion yuan, estimated at 54.87 billion yuan, compared with 35.504 billion yuan in the same period last year, an increase of 93.9 percent over the same period last year, and an adjusted income of 11.61 yuan per ADS in the third quarter. The net profit belonging to pinduoduo common shareholders was 15.5371 billion yuan, up 47 per cent from the same period last year; without US general accounting standards, the net profit belonging to pinduoduo common shareholders was 17.0271 billion yuan, up 37 per cent from the same period last year.

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