"While the situation seemed to have stabilised in April, we believe Pinduoduo's gross merchandise value growth recovery will be subject to China's COVID-19 control policies," said a research report by investment bank China Renaissance earlier this month. Government enforced control measures continued to disrupt logistics in China in April, hurting e-commerce sellers' ability to deliver purchases. in the process, our growth rate might be affected."Īs China fights its worst coronavirus outbreak since March, its uncompromising "zero-COVID" policy has placed hundreds of millions of people under strict lockdown. "We have been going through an adjustment of our development strategy to focus more on technology and agriculture in order to pursue long-term, high-quality growth," said Chen Lei, chairman and chief executive of Pinduoduo, on a call with analysts. However, the firm warned that its growth rate might slow due to adjustments to its business strategy that are underway. U.S.-listed shares of the Shanghai-based company rose by nearly 10% at one point in pre-market trade ahead of Wall Street's opening bell. No cash balance or cash flow is included in the calculation.May 27 (Reuters) - Chinese e-commerce platform Pinduoduo Inc (PDD.O) on Friday reported better-than-expected quarterly revenue, as more people shopped online due to a resurgence in COVID-19 cases in parts of the country. Please note all regulatory considerations regarding the presentation of fees must be taken into account. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Disclaimer: The TipRanks Smart Score performance is based on backtested results.
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