Why Pinduoduo Stock Popped Today

Why Pinduoduo Stock Popped Today

Shares of Pinduoduo (NASDAQ: PDD) were climbing to all-time highs today on a broader wave of gains among Chinese tech stocks. A strong June manufacturing report on Wednesday may have helped lift Chinese stocks. Pinduoduo said Wednesday morning that its founder and CEO, Colin Huang, would step down in a surprise move (he is only 40).