Benzinga | Sep 7, 2021 03:38PM EDT

Why Pinduoduo Shares Are Rising

Shares of several Chinese companies, including Pinduoduo Inc - ADR (NASDAQ:PDD), are trading higher following data showing China's exports jumped 25.6% year-over-year in August, beating expectations of 17.1%.

Pinduoduo shares are trading higher by 9.9% over the past five sessions and 17.5% over the past month.

Pinduoduo provides a platform for buyers with value-for-money merchandise and fun and interactive shopping experiences. Pinduoduo offers a social shopping experience that leverages social networks as an effective and efficient tool for buyer acquisition and engagement.

Pinduoduo is trading higher by 6.5% at $108.89. Pinduoduo has a 52-week high of $212.60 and a 52-week low of $69.89.