Pinduoduo Shares Slip 7%, Maintain Downward Trend

Shares of Chinese agriculture-focused technology platform Pinduoduo Inc. (PDD) fell 7 percent on Thursday's trading, continuing their downward trend since yesterday.

The stock was moving upwards on Tuesday when the company posted a 3 percent rise in fourth-quarter total revenues to touch RMB27.2 million from RMB26.5 million in the same period last year.

Net income attributable to shareholders in the quarter was RMB6.6 million, compared with net loss attributable to shareholders of RMB1.4 million in the year-ago quarter.

Currently at $45.61, the stock has traded between $23.21 and $152.06 during the past 52 weeks.

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