NEW YORK, Sept. 16, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ: PDD).Shareholders who purchased shares of PDD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/pdd-holdings-inc-f-k-a-pinduoduo-inc-loss-submission-form/?id=10242 ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In PDD To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 in PDD between April 30, 2021 and June 25, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) ...

RADNOR, Pa., Sept. 12, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York against PDD Holdings Inc. f/k/a Pinduoduo Inc. (“PDD”) (NASDAQ: PDD) on behalf of investors who purchased or otherwise acquired PDD securities between April 30, 2021 and June 25, 2024, inclusive (the “Class Period”) The lead plaintiff deadline is Octobe ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In PDD To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $100,000 in PDD between April 30, 2021 and June 25, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, Sept. 12, 2024 /PRNewswire/ -- Faru ...

NEW YORK, Sept. 12, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ: PDD).Shareholders who purchased shares of PDD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/pdd-holdings-inc-f-k-a-pinduoduo-inc-loss-submission-form/?id=10189 ...

PDD Holdings (PDD) saw its stock taking a significant hit in the past month, plunging 34.7% due to growing macro headwinds. Uncertainties in the global environment, changing consumption patterns, recessionary fears, market volatility and challenging conditions in China's economy have been taking a toll on the PDD stock.The company’s loss compares unfavorably with the industry’s decline of 9.1% and the S&P 500 index’s rally of 2% in the past month.PDD Holdings also faces stiff competition in the domestic and ...

The company needs to overcome these hurdles to keep its growth machine spinning.PDD Holdings (PDD 0.65%) has been the best-performing Chinese tech company in the last 12 months -- until lately. Despite reporting solid quarterly earnings, stock in Pinduoduo's parent company plunged by more than 30% as investors sold it amid the company's pessimistic guidance on its prospects.Still, contrarian investors and PDD Holdings bulls are taking this sell-off to buy the stock on the cheap. But before they rush into lo ...

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Investment Rating - Pinduoduo's investment rating is not explicitly mentioned in the report, but the analysis suggests a mixed outlook with both positive and negative factors influencing its future performance [3][4][5][6] Core Views - Pinduoduo's Q2 2024 revenue grew by 86% YoY to RMB 970.6 billion, slightly missing expectations by 3%, while adjusted net profit surged by 125% YoY to RMB 344.3 billion, beating expectations by 14% [3] - Domestic online advertising revenue growth slowed to 29.5% YoY, down from 55.8% in the previous quarter, indicating potential challenges in maintaining its dominant position against competitors like Alibaba and JD.com [3] - Temu, Pinduoduo's international platform, faces geopolitical risks and intense competition, with recent legal challenges from Shein adding to uncertainties [3] - Management has indicated a willingness to sacrifice short-term profitability for long-term growth, suggesting potential margin pressures ahead [3][4] Business Performance and Strategy Domestic Operations - Pinduoduo's main platform is focusing on increasing merchant rebates and GMV growth, with online marketing revenue growing by 29% YoY in Q2 2024, outperforming market expectations [8] - The company plans to invest RMB 100 billion over the next 12 months to support merchant onboarding and product listings, aiming to reduce software service fees and improve ecosystem governance [8] - Duoduo Maicai, Pinduoduo's grocery business, has achieved nationwide profitability, with a shift in focus from reducing losses to growth, leading to a rebound in daily order volumes to 40-45 million orders [8] International Operations (Temu) - Temu's growth is facing headwinds from geopolitical risks, regulatory challenges, and increasing competition, with profitability expected to decline [9] - The semi-hosted model is gaining traction in the US, Europe, Japan, and South Korea, but merchant adoption remains limited due to uncertainties around pricing and inventory management [9] - Temu is tightening merchant entry requirements and implementing stricter penalties to improve platform quality, aiming for a healthier operating environment by 2025 [9] Market Sentiment and Investor Views Positive Views - Pinduoduo's core business operations remain strong, with growth in its main platform, Temu, and Duoduo Maicai [5] - Historical patterns suggest that management may be managing expectations, and the lack of dividends or buybacks is attributed to ongoing investments in growth [5] - Despite competitive pressures, Pinduoduo's valuation is now on par with Alibaba and JD.com, reflecting its strong performance [5] Negative Views - Concerns over opaque disclosures and management's perceived arrogance, particularly regarding contradictory statements and the lack of shareholder returns [6] - Temu's regulatory risks and domestic policy challenges, including the "anti-internalization" wave, pose significant threats [6] - Pessimistic investors are wary of potential changes in the competitive landscape and the impact of aggressive investment strategies on long-term visibility [13] Industry and Peer Comparison - Pinduoduo's Q2 2024 revenue growth of 85.7% YoY significantly outperformed peers like Alibaba (3.9% YoY) and JD.com (1.2% YoY), but its forward PE ratio of 7.0 is lower than both Alibaba (8.7) and JD.com (7.1) [15] - The internet sector is highly fragmented, with Pinduoduo's valuation now lower than that of Alibaba, JD.com, and Baidu, reflecting market concerns over its future growth trajectory [14] Institutional Investor Activity - Pinduoduo was the most-bought Chinese stock by institutional investors in Q2 2024, with 147 new institutional investors and 269 increasing their holdings, while the number of institutions reducing or exiting positions declined [17]

What's bad for Temu is theoretically a boon for the U.S. retail giant.It was a tale of two big etailers on the stock exchange Monday. Sturdy American sector giant Amazon (AMZN 2.34%) ended the day up more than 2% in price, while Chinese discount goods retailer PDD Holdings (PDD -0.90%) slid by nearly 1%. The bellwether S&P 500 index, meanwhile, improved by slightly more than 1%.Temu growth slowingMuch of this stemmed from a new analysis on PDD from Bank of America. The lender concluded that the growth of Te ...