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Here’s Why Pinduoduo Shares Are Moving

Pinduoduo Inc - ADR (NASDAQ: PDD) shares are trading lower by 3.97% to $92.95 Friday afternoon. Shares of several Chinese companies are trading lower Friday amid weakness in global stocks on concerns of US inflation and Fed policy tightening.

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Chinese Stocks, ETFs On Massive Growth Path As Country Reopens After 3 Years Of Zero COVID Policies

It’s been three weeks since Beijing ordered the reopening of China’s borders to the world, and Chinese stocks are rallying. The world’s second largest economy abruptly ended three years of strict zero-COVID policies late last year, causing a massive spike in COVID cases.

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