Pinduoduo Smashes Analyst Expectations As Revenue Goes Vertical

Mainland media noted a US-China Business Council press conference in Shanghai on the release of the 2021 State Export Report. The release reported US exports to China grew 18% year over year in 2020 to $123B with Texas the largest state by export value at $16.9B/+56% YoY ahead of California’s $14.8B while Louisiana had the largest year over year growth rate at 120% as the #10 state by export. China is the third-largest destination for US exports nearly double #4 Japan while behind Canada and Mexico.