Chinese e -commerce giants Pinduoduo issued profit will gradually enter the fall warning of the decline, and the US stock price fell on Monday (August 26) about 29%.The founder Huang Yan also fell out of China's richest man because of the stock price plummeting.
In summary of the first financial and Bloomberg report, the second quarter revenue announced on Monday of Pinduoduo Monday was 97.06 billion yuan (S $ 17.7 billion), which was less than 99.985 billion yuan predicted by the pre -market.
Chen Lei, chairman and joint CEO of Pinduoduo Group, also said that Pinduoduo's future profits will gradually enter a downward trend, which is a necessary price for long -term health.After this signal was issued, Pinduoduo's stock price fell by about 29%.
The plunge of the stock price also led Huang Yan's net worth reduction by $ 14.1 billion (S $ 18.3 billion), the largest decline in a single day.The latest data from Bloomberg Billionaire Index shows that Huang Yan fell to fourth place in the first 18 days in the Chinese rich list, with a net worth of $ 35.2 billion.The founder of Nongfu Spring, the founder of Nongfu Spring, reached the top of the list with $ 50 billion.
