Beijing Business Daily News (Reporter He Qian) On the early morning of December 1st, the US stock market closed, and Pinduoduo's market value had surpassed Alibaba. As of the time of publication, according to Wande Stock, Pinduoduo's market value was $195.8 billion, at $147.44 per share, an increase of 4.03%. Alibaba's market value was $190.7 billion, at $74.88 per share, an increase of 0.28%.
It is reported that on the evening of November 29th, according to data from Wanda Stock, after the US stock market opened, the market value of Pinduoduo briefly surged to $192.1 billion, surpassing Alibaba's $191.5 billion during the same period. Before the soaring stock price, Pinduoduo released its third quarter financial report for 2023 on November 28th, with a total revenue of 68.84 billion yuan, a year-on-year increase of 94%; The net income attributable to ordinary shareholders was 15.5 billion yuan, a year-on-year increase of 47%. Pinduoduo's transaction service revenue increased by 315% year-on-year.
Recently, according to some media reports, Jack Ma made a rare response on Alibaba's intranet, congratulating Pinduoduo on its decisions, execution, and efforts over the past few years.