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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Pinduoduo Inc.    PDD

PINDUODUO INC.

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Pinduoduo : SC 13G

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02/07/2020 | 09:18am EDT

us7223041028_020620.txt

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No: )

PINDUODUO INC

--------------------------------------------------------

(Name of Issuer)

Common Stock

--------------------------------------------------------

(Title of Class of Securities)

722304102

--------------------------------------------------------

(CUSIP Number)

December 31, 2019

--------------------------------------------------------

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

  1. Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d)

*The remainder

of this

cover page shall

be filled out

for a

reporting

person's initial filing

on this

form with

respect to

the

subject

class of

securities,

and

for any

subsequent

amendment containing

information

which

would

alter the

disclosures provided in

a prior

cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 722304102

(1)Names of reporting persons. BlackRock, Inc.

  1. Check the appropriate box if a member of a group
    (a) [ ]
    (b) [X]
  2. SEC use only
  3. Citizenship or place of organization

Delaware

Number of shares beneficially owned by each reporting person with:

  1. Sole voting power 35255536
  1. Shared voting power
    0
  2. Sole dispositive power 40042900
  3. Shared dispositive power
    0
  4. Aggregate amount beneficially owned by each reporting person 40042900
  5. Check if the aggregate amount in Row (9) excludes certain shares
  6. Percent of class represented by amount in Row 9

6.2%

  1. Type of reporting person
    HC

Item 1.

Item 1(a) Name of issuer:

-----------------------------------------------------------------------

PINDUODUO INC

Item 1(b) Address of issuer's principal executive offices:

-----------------------------------------------------------------------

28/F, No. 533 Loushanguan Road, Changning District Shanghai China 200051

Item 2.

2(a) Name of person filing:

----------------------------------------------------------------------

BlackRock, Inc.

2(b) Address or principal business office or, if none, residence:

-----------------------------------------------------------------------

BlackRock, Inc.

55 East 52nd Street

New York, NY 10055

2(c) Citizenship:

--------------------------------------------------------------------

See Item 4 of Cover Page

2(d) Title of class of securities:

-------------------------------------------------------------------

Common Stock

2(e) CUSIP No.:

See Cover Page

Item 3.

If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

  • ] Broker or dealer registered under Section 15 of the Act;
  • ] Bank as defined in Section 3(a)(6) of the Act;
  • ] Insurance company as defined in Section 3(a)(19) of the Act;
  • ] Investment company registered under Section 8 of the Investment Company Act of 1940;
  • ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
  • ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
    [X] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
  • ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
  • ] A church plan that is excluded from the definition of an
    investment company under section 3(c)(14) of the Investment Company Act of 1940;
  • ] A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);
  • ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with
    Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

Item 4. Ownership

Provide the following information regarding the aggregate number

and percentage of the class of securities of the issuer identified in Item 1.

Amount beneficially owned:

40042900

Percent of class

6.2%

Number of shares as to which such person has:

Sole power to vote or to direct the vote

35255536

Shared power to vote or to direct the vote

0

Sole power to dispose or to direct the disposition of

40042900

Shared power to dispose or to direct the disposition of

0

Item 5.

Ownership of 5 Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ ].

Item 6. Ownership of More than 5 Percent on Behalf of Another Person

If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.

Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of

PINDUODUO INC.

No one person's interest in the common stock of

PINDUODUO INC

is more than five percent of the total outstanding common shares.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

See Exhibit A

Item 8. Identification and Classification of Members of the Group

If

a group

has

filed this

schedule pursuant

to

Rule 13d-1(b)(ii)(J),

so

indicate under

Item 3(j) and attach

an exhibit

stating

the identity

and

Item 3

classification

of each member

of

the group. If

a group

has

filed

this

schedule pursuant to Rule

13d-1(c)

or Rule

13d-1(d),

attach an

exhibit

stating

the identity

of each

member of the group.

Item 9. Notice of Dissolution of Group

Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity.

See Item 5.

Item 10. Certifications

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired

and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Signature.

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 6, 2020

BlackRock, Inc.

Signature: Spencer Fleming

-------------------------------------------

Name/Title Attorney-In-Fact

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative.

If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who

signs the statement shall be typed or printed beneath his signature.

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).

Exhibit A

Subsidiary

BlackRock

International Limited

BlackRock

(Netherlands) B.V.

BlackRock

Institutional Trust Company, National Association

BlackRock

Asset Management Ireland Limited

BlackRock

Financial Management, Inc.

BlackRock

Japan Co., Ltd.

BlackRock

Asset Management Schweiz AG

BlackRock

Investment Management, LLC

BlackRock

Investment Management (UK) Limited

BlackRock

Asset Management Canada Limited

BlackRock

Asset Management Deutschland AG

BlackRock

(Luxembourg) S.A.

BlackRock

Investment Management (Australia) Limited

BlackRock

Advisors (UK) Limited

BlackRock

Fund Advisors

BlackRock

Asset Management North Asia Limited

BlackRock

(Singapore) Limited

BlackRock

Fund Managers Ltd

*Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G.

Exhibit B

POWER OF ATTORNEY

The undersigned, BLACKROCK, INC., a corporation duly organized under the laws of the State of Delaware, United States (the "Company"), does hereby make, constitute and appoint each of Christopher Meade, Daniel Waltcher, Una Neary, Richard Cundiff, Charles Park, Enda McMahon, Arlene Klein, Con Tzatzakis, Karen Clark, David Maryles, Daniel Ronnen, John Stelley, Daniel Riemer,

Elizabeth Kogut, Maureen Gleeson, Daniel Kalish and Spencer Fleming acting severally, as its true and lawful attorneys-in-fact, for the purpose of, from time to time, executing in its name and on its behalf, whether the Company individually or as representative of others, any and all documents, is acting certificates, instruments, statements, other filings and amendments to the foregoing (collectively, "documents") determined by such person to

be necessary or appropriate to comply with ownership or control-person reporting requirements imposed by any United States or non-United States governmental or regulatory authority, Including without limitation Forms 3, 4, 5, 13D, 13F, 13G and 13H and any amendments to any of the Foregoing as may be required to be filed with the Securities and Exchange Commission, and delivering, furnishing or filing any

such documents with the appropriate governmental, regulatory authority or other person, and giving and granting to each such

attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could

do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. Any such determination by an attorney-in-fact named herein shall be conclusively evidenced by such person's execution, delivery, furnishing or filing of the applicable document.

This power of attorney shall expressly revoke

the

power of attorney

dated 8th day of December,

2015 in respect of

the

subject matter hereof,

shall be valid from the date hereof and shall

remain in full force and

effect until either revoked in writing by the

Company, or, in respect of

any attorney-in-fact named

herein, until such

person ceases to be an

employee of the Company or

one of its affiliates.

IN WITNESS WHEREOF, the undersigned has caused this power of attorney to be executed as of this 2nd day of January, 2019.

BLACKROCK, INC.

By:_ /s/ Daniel Waltcher

Name: Daniel Waltcher

Title: Deputy General Counsel

Disclaimer

Pinduoduo Inc. published this content on 07 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 February 2020 14:17:00 UTC

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Financials (CNY)
Sales 2019 30 552 M
EBIT 2019 -7 727 M
Net income 2019 -7 663 M
Finance 2019 40 339 M
Yield 2019 -
P/E ratio 2019 -42,8x
P/E ratio 2020 -74,9x
EV / Sales2019 9,36x
EV / Sales2020 6,14x
Capitalization 326 B
Chart PINDUODUO INC.
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Pinduoduo Inc. Technical Analysis Chart | PDD | US7223041028 | MarketScreener
Technical analysis trends PINDUODUO INC.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 280,41  CNY
Last Close Price 280,43  CNY
Spread / Highest target 85,1%
Spread / Average Target -0,01%
Spread / Lowest Target -47,9%
EPS Revisions
Managers
NameTitle
Zheng Huang Chairman & Chief Executive Officer
Jun Yun Xiao Senior Vice President-Operation
Tian Xu Vice President-Finance
Lei Chen Chief Technology Officer
Zhen Wei Zheng Senior Vice President-Product Development
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