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Why Pinduoduo, Bilibili, and Huya Rocketed Higher Today

Billy Duberstein, The Motley Fool
·3 min read

Shares of Chinese internet stocks Pinduoduo (NASDAQ: PDD), Bilibili (NASDAQ: BILI), and Huya (NYSE: HUYA) were each surging today, up 12.3%, 12%, and 10.8%, as of 3:08 p.m. ET. There wasn't much in the way of company specific news today, although reports this week highlighted a potential eye-opening move for Pindudoduo to bring its e-commerce platform into the U.S. Rather, the positive movement across all three stocks likely had to do with two positive developments -- one on the China economic front, and another on the country's relations with U.S. regulators.

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