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Founder makes rare public visit as Beijing tries to restore confidence within the entrepreneurial class
Alibaba Group (NYSE: BABA) and Shopify (NYSE: SHOP) are two very different e-commerce companies. Alibaba owns Taobao and Tmall, the two largest consumer-to-consumer and business-to-consumer marketplaces, respectively, in China. Shopify doesn't operate any online marketplaces, unlike Alibaba.
Pinduoduo's (NASDAQ: PDD) stock price plunged 14% on March 20 after it posted its fourth-quarter earnings report. For the full year, Pinduoduo's revenue grew 39% to 130.56 billion yuan ($18.93 billion) -- decelerating from its 58% growth in 2021 -- but its adjusted earnings per ADS nearly tripled to 27.45 yuan ($3.98) per share. Let's see why Pinduoduo's stock tumbled -- and why I believe it's still a great growth stock for investors who can tune out the near-term noise.