Advertisement
Australia markets closed
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • AUD/USD

    0.6497
    -0.0003 (-0.04%)
     
  • OIL

    82.77
    -0.04 (-0.05%)
     
  • GOLD

    2,330.60
    -7.80 (-0.33%)
     
  • Bitcoin AUD

    99,315.49
    -3,389.65 (-3.30%)
     
  • CMC Crypto 200

    1,396.82
    -27.28 (-1.92%)
     
  • AUD/EUR

    0.6069
    -0.0002 (-0.03%)
     
  • AUD/NZD

    1.0942
    +0.0000 (+0.00%)
     
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     
  • FTSE

    8,040.38
    -4.43 (-0.06%)
     
  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     
  • DAX

    18,088.70
    -48.95 (-0.27%)
     
  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     
  • NIKKEI 225

    37,984.24
    -475.84 (-1.24%)
     

Better Chinese Tech Stock: Pinduoduo vs. Bilibili

Better Chinese Tech Stock: Pinduoduo vs. Bilibili

Pinduoduo's stock surged 13% on Nov. 28 after the Chinese e-commerce company's third-quarter numbers easily cleared analysts' expectations. Bilibili's stock soared 22% on Nov. 29 after the gaming, digital media, and e-commerce company's Q3 earnings also comforatably beat analysts' estimates. Is it safe to buy either of these Chinese tech stocks right now as their home market grapples with slowing economic growth, COVID-19 lockdowns, social unrest, and unpredictable crackdowns and regulations?