Original title: pinduoduo's market value exceeded JD's, and its share price rose 12.6%, a new high after listing
On October 25, pinduoduo's share price rose 12.56% on Thursday, hitting a new high of $40 since its listing, closing at $39.96, with a market value of $46.4 billion, surpassing JD.
JD shares fell 0.13% to $30.72 on Thursday, with a market value of $44.8 billion.
At present, pinduoduo ranks fourth in the market value ranking of Chinese Internet listed companies, second only to Ali, Tencent and meituan.
Pinduoduo landed on NASDAQ on July 26, 2018, with an issue price of $19. At present, the share price has doubled compared with the issue price.
According to latepost, on the evening of October 10, at the mobilization meeting for the fourth anniversary of pinduoduo, founder and CEO Huang Zheng appeared in the headquarters building to speak at the general meeting. Huang Zheng said that the real payment Gmv of pinduoduo in the latest quarter has exceeded JD. In addition, when talking about "one out of two", Huang Zheng said that in the face of the pressure of one out of two, pinduoduo should not have pressure. It is friends and businessmen who should have pressure, implying Alibaba.