The logo of Chinese online group discounter Pinduoduo next to its mobile phone application. Photo: REUTERS

Short-seller Blue Orca puts Pinduoduo in its sights, betting on a 59 per cent plunge in stock price

  • The shares of China’s third-largest e-commerce platform could plunge 59 per cent as Pinduoduo’s business model is “faddish”, short-seller Blue Orca said
Topic |   Short selling

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The logo of Chinese online group discounter Pinduoduo next to its mobile phone application. Photo: REUTERS
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