So... is Ping Pong the Animation finished or not?
YES, it is finished.
Why?
The anime finished after the manga:
Anime finished: June 20, 2014
Manga finished: January 01, 1997
MangaUpdates contains information about the anime adaptation and indicates that it is complete.
Watching Order (by release date)
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Synopsis
Ping Pong the Animation follows the intertwined journeys of two childhood friends, Smile and Peco, who are both gifted ping-pong players but possess vastly different personalities and approaches to the game.
Peco, brimming with confidence, dreams of becoming the world's best, while the reserved Smile holds back his true potential.
Their relationship is tested when Peco faces a crushing defeat, leading him to question his passion for ping-pong. Simultaneously, Smile is encouraged to unlock his talent, though he struggles with the idea of playing without joy.
The story explores their individual struggles with ambition, purpose, and the pressure of competition as they navigate the challenging world of high school ping-pong, encountering other skilled players with their own personal battles.
Ultimately, the anime delves into the complexities of pursuing glory and the emotional toll it can take on young athletes.