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【 Market 】 Pinduoduo rose more than 7% to $155 per share, with a total market value of $215 billion, surpassing Alibaba. As of the close of the previous trading day, Alibaba's total market value was $209.6 billion. The just released financial report shows that Pinduoduo's revenue in the first quarter was 86.81 billion yuan, with a market estimate of 76.86 billion yuan, a year-on-year increase of 131%; The adjusted net profit is 30.6 billion yuan, with a market estimate of 15.53 billion yuan, a year-on-year increase of 202%.
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