Is It Too Late to Buy Pinduoduo (PDD) Stock?
Pinduoduo's (NASDAQ: PDD) stock surged 19% on May 26 after the Chinese e-commerce company posted its first-quarter report. Pinduoduo is still clearly growing much faster than its two closest e-commerce competitors, Alibaba (NYSE: BABA) and JD.com (NASDAQ: JD). Pinduoduo was founded in 2015, and it quickly gained ground against Alibaba and JD by selling discount products across China's lower-tier cities.