The original title: it was another sleepless night. Pinduoduo lost 130 billion. As soon as the drip chip was put on the market, it became a source of "drip sorrow": Tencent News.
As soon as we enter the stock market, the stock market itself is accompanied by great risks, and many people choose to invest in stocks in order to increase their value in a short period of time, but we find that the stock market this year is not very good, and many people lose money. As soon as US stocks opened, a number of US-listed stocks began to collapse collectively. It is reported that 65 Chinese stocks fell by more than 5% on the 11th of this month alone. Some of these well-known companies have fallen particularly hard, such as the water drop chips we often talk about, and pinduoduo, which is often used in daily life, both of which have fallen by more than 10 per cent. It was another sleepless night. Pinduoduo lost 130 billion yuan, and as soon as the drip chip was put on the market, it became a "drip worry."
Pinduoduo lost 1300 billion.
People are curious about why pinduoduo suddenly fell so sharply. This has something to do with an interview. Around May Day, the number of online consumer complaints in Shanghai began to increase, and these complaints were inextricably linked to a platform. This platform is pinduoduo. Since pinduoduo went on the market, although it has provided cheaper goods for everyone, it cannot offset its own problems. For example, its most criticized pull model, through false promises to consumers, the use of attracting new users. And these things, should not consume compensation to contribute to pinduoduo. In fact, as early as the beginning of the year, many consumers wanted to sue pinduoduo, because the cash withdrawal red packets given by the platform were often not used in accordance with the original rules.
As for other problems, as long as you use pinduoduo, you can see some of them more or less. For example, poor product quality, frequent counterfeit infringement incidents, false shipments, and sometimes mandatory cancellation of consumer orders. In this interview, the Consumer Protection Commission asked pinduoduo to give up the thinking of flow supremacy, to learn to consider the interests of consumers, and to protect the rights and interests of consumers and implement their responsibilities as a platform.
Pinduoduo has false propaganda.
The Consumer Protection Commission has also made specific provisions on all the problems that arise in the platform. After talking about those more conventional issues, the Consumer Protection Commission emphasized pinduoduo's biggest problem at present, that is, false propaganda, which is often mentioned by people. For example, in order to stimulate consumers to shop more, pinduoduo will promise to return cash red packets to consumers, but when consumers reach the upper limit, the conditions for the use of cash back red packets will be higher. In addition, pinduoduo uses the promised red packets to repeatedly stimulate consumers to help them attract new customers. In the early days, there were consumers who could get the promised red envelopes. With more and more users of the platform, it has become impossible to get the red packets, which has something to do with the fact that the secret operation of the platform itself makes it more difficult to get the red packets.
As soon as the news of pinduoduo's interview came out, pinduoduo's share price began to fall, and has been on the decline since then. As of the 11th, the decline has reached 12%, and the market capitalization has been reduced by about 130 billion yuan. Another platform interviewed, Meituan (03690), also has the same problems as pinduoduo, such as cutting orders, no guarantee of product quality, etc., which is also affected by the interview, and Meituan's stock price is also volatile. It fell 7% on the day of the interview. So far, Meituan has experienced nine consecutive declines, down 42% from his peak at the beginning of the year, which is an astonishing number.
Drip chips plummeted 12%.
Despite the fact that pinduoduo's market value has evaporated so much, but it is not the worst, the water drop chip should be the worst one. This month, Shuidi chips was officially listed on the American Stock Exchange, issuing a total of 30 million shares, each worth $12. With the support of a lot of capital, Shuidi chip company ranks first in health technology stocks. However, Shuidi chip encountered a Waterloo as soon as it was listed. The share price has been falling since the day it went public. At its sharpest, it fell by more than 20%, and ended up with a price of $9.7 a share, down 19.17% from the time of the offering. This does not seem to be the end. When trading opened on the evening of May 10, drip chips continued to fall, this time by more than 12%. So far, the water drop chip has plummeted by 30%.
The listing of drip chips is controversial.
The nature of the company is quite special. In people's impression, it is a serious illness crowdfunding platform. Although there have been some fraud incidents, drip chips are still irreplaceable. More than 340 million people have donated money, and they have assisted 1.7 million patients before and after, donating a total of 37 billion yuan to them. In order to expand the market, Shuidi launched the insurance business in the later stage. Shuidi Insurance Mall is an insurance intermediary platform, this platform is equivalent to an agent, through the promotion of insurance, the annual income can reach 3 billion yuan. Before listing, Shuidi chip has completely completed the transformation, from the original mutual assistance platform to a marketing platform. This has also caused controversy among netizens. For a long time, people have always thought that Shuidi chip has a very strong nature of public welfare, but they did not expect to move towards the road of commercialization in the end.
More than 60 Chinese stocks all fell by more than 5%.
In addition to these two big companies, there are also many Chinese stocks that have not been spared, all of which have fallen by more than 5%. There are 65 Chinese stocks on the list, including MIXO, shopping platform VIPSHOP, bilibili and other well-known enterprises. Especially when the price of onions fell below the issue price last week, the decline was the biggest, falling as much as 17% overnight. It's been a tough year for most Chinese stocks. Chinese stocks have been falling since late March 2021. This phenomenon has something to do with a bill in the United States, which passed the Foreign Corporate liability Act, which will make companies listed in the United States face a greater risk of delisting. This is also the main reason why most Chinese stocks began to fall.