To The Moon

$Pinduoduo Inc.(PDD)$shone brightly against its e-commerce competitors the likes of $Alibaba(BABA)$and $JD.com(JD)$. Though the Chinese regulatory crackdown on the technology sector has stifled its expansion since last year, Pinduoduo was able to continue striving with its focus on agricultural produce and emphasis on smaller cities overlooked by competition that saturatedtop-tier cities.

With the zero tolerance for COVID-19 in mainland China, lockdowns have also supporteddemands for agricultural produce and other essentials that Pinduoduo was able to capture as it gains traction among consumers. The 618 shopping festival also boosted its business as consumer sentiment recovers.

I like Pinduoduo's corporate strategy of creating a niche business for itself by actively connecting farmers in rural areas with consumers across China. I feel that by its business emphasis it has less of a bull eye on its back to the authorities, compared with other e-commerce players slapped with anti-trust fines.

I'm adding the stock to my watchlist as I monitor its overseas expansion plan. This is a bold expansion, which while costly but if successfully executed is going to raise the stock to greater height.

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