The Latest Breaking News from PDD Holdings

China's Singles Day is much larger than Black Friday, but the shopping event is expected to slow this year as China retailers struggle.

Huang rose seven places on Hurun's annual list of China's wealthiest people, thanks to surging business at both Pinduoduo and Temu.

PDD Holdings ADR sees its Relative Strength Rating hit the elite 90-plus level.

PDD Holdings ADR shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 77 to 89.

Since launching in September 2022, Temu has exploded in popularity across the US with many taking to TikTok to share the lightning deals on everything from beauty to power tools

The faltering recovery in China has spurred investors to raise their bearish wagers on Chinese e-commerce stocks. For example, short interest in PDD Holdings (PDD ) has risen to about 8% of total shares outstanding, according to IHS Markit data. That’s higher than e-commerce peers JD.com (JD ) and Alibaba...

Temu has been popular in the US and offers massive discounts, up 99 per cent

The Chinese e-commerce site has come under pressure to enhance its verification procedure, get rid of hazardous products, and make independent sellers accountable when security breaches are discovered

JD.com (JD ), one of China’s largest online retailers, is struggling this year after rallying to an 8-month high in January. The stock price has fallen nearly -47% from January’s peak on disappointment about China’s uneven recovery from the pandemic and increased competition from other Chinese online retailers. After more...