Will PDD (Pinduoduo) Be a Trillion-Dollar Stock by 2030?

PDD (PDD 1.44%), more commonly known as Pinduoduo, has generated massive gains for its investors since its IPO in July 2018. The Chinese e-commerce giant went public at $19, and it now trades at$ 135 with a market cap of $180 billion.That makes PDD nearly as valuable as market leader Alibaba (BABA 0.71%), which is currently worth$ 187 billion. Alibaba's stock has declined more than 60% since PDD's market debut as it grappled with competitive, regulatory, and macro challenges. Meanwhile, PDD's stock soared m ...