Temu in Big Trouble! Pinduoduo Plummets 45% in Two Days, $55 Billion Market Value Evaporated
Has Pinduoduo gone mad? The company seems to have cut its own throat. Last night, Pinduoduo’s stock price plummeted by 28%, wiping out $55.5 billion in market value overnight—equivalent to the entire market cap of NetEase. This also led to a $14 billion drop in the personal wealth of its founder, Huang Zheng. On August 9, Huang had just become China’s richest person with a net worth of $48.6 billion, surpassing the founder of Nongfu Spring. But after only 18 days as the richest person, he has already ceded the title back to Zhong Shanshan. So, what’s going on with Pinduoduo to cause a 30% drop in just one day?
#chinaobserver
All rights reserved.
⭐You can support us at:
⭐For business cooperation, please contact us: business@
2 views
46
8
1 year ago 00:10:44 38
Leggings with built in Heels, Pumps and Pantyhose TryOn with Temu
1 year ago 00:32:03 1
Crafty Goodies from Temu in June - Part 1
1 year ago 00:06:04 1
Temu Coupon Code 2023🈚BIGGEST Temu Promo Code💰
10 years ago 00:06:59 61
KAFE - VESNA NE V TEMU (BalconyTV)
9 months ago 00:09:00 4
2024 temu try on haul !!
1 year ago 00:02:43 1
Free Temu Codes 2023 | Generate Unlimited 100$ OFF Codes for Temu!
2 years ago 00:27:45 1
SPRING TEMU EARRINGS / PERSONALIZED PURSE ORNAMENT / TEMU BEADING SUPPLIES TUTORIALS
3 months ago 00:16:41 2
Temu in Big Trouble! Pinduoduo Plummets 45% in Two Days, $55 Billion Market Value Evaporated
8 months ago 00:14:53 1
TEMU - Unboxing (Sweden ) 2024
1 year ago 00:04:51 1
Free Temu Codes - How I Got $750 Credits on Temu 💯
8 months ago 00:04:01 1
März 2024 erster Frühlings TEMU-Kauf 🤩 TEMU Haul
7 months ago 00:02:11 1
Temu Promo Codes For All Customers - Get Temu Coupon Code 2024
1 year ago 00:19:17 1
Покупки, меняющие жизнь, с TEMU. Организация пространства, хранения, уют | Temu Erfahrungen
4 months ago 00:16:22 1
TEMU Halloween Haul! | *Not Sponsored*
10 months ago 00:01:12 1
HUGE TEMU TRY IN HAUL! Sexy clothes
4 years ago 00:04:17 10
Mofak feat Temu - On The Come Up (Official Music Video)
9 months ago 00:05:57 1
Temu Coupon Code 2024 [Existing Customers Too]▐ BEST Promo Codes for Temu Discounts!
9 months ago 00:28:09 1
The Things You Can Find on Temu...
1 year ago 00:27:09 1
TEMU - Schlimmer als du denkst
5 months ago 00:10:44 1
Temu’s Rapid Rise: Outpacing Amazon in the U.S. E-Commerce Market
4 months ago 00:14:17 5
Temu REALLY TINY MAXIMUM CLEAVAGE Deep-Plunge Bra Try-on Haul In 4k