Pinduoduo has been revolutionizing the Chinese retail landscape and making many investors a lot of money along the way. But outside of China, few know much about this rapidly growing e-commerce giant.
A 13F filing by one of the world's most respected emerging markets investment managers, Genesis Investment Management, has revealed some surprise buys during the fourth quarter on 2022.
Launched in Shanghai in 2017, Chinese online grocery retailer Dingdong (NYSE: DDL) has had a rapid rise to prominence and now is the time to invest according to a leading fund manager.
The Pinduodou (NASDAQ: PDD) share price is set to rise after announcing its first ever quarterly profit. But all the profit will be used to fund a surprising initiative.