Ping Pong is a 1994 EP by the English-French avant-pop band Stereolab.

It served as the lead single from their third full-length album Mars Audiac Quintet.

All four of its tracks were later re-released on the Oscillons from the Anti-Sun compilation, along with an alternative mix of "Ping Pong" which had been prepared for Mars Audiac Quintet but has not been used.

"Ping Pong" is an upbeat satirical synthesiser and brass-led pop song which discusses the business cycle.

[3] "Ping Pong" reached #45 in the UK singles chart — Stereolab's biggest hit in the country — and was voted #9 in John Peel's Festive Fifty for 1994.