NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) -- 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 ...

China's stock market is up almost 25% in a week. In three months, it could gain 10% more.The rally in Chinese stocks entered its second week Wednesday morning, with shares of Temu owner PDD Holdings (PDD 4.68%) rising 6% through 10:10 a.m. ET. This was followed by internet search giant Baidu (BIDU 2.77%), which gained 3.9%, and Pizza Hut and KFC operator Yum China Holdings (YUMC 4.37%) bringing up the rear with a gain of 3.6%.The reason today, as it's been for the past week and more, is a series of subsidie ...

Market Sentiment and Performance - "Short China" was identified as the second-most crowded trade in the September Bank of America Global Fund Manager Survey, indicating significant bearish sentiment towards Chinese markets [1] - Chinese markets have surged 25% over the past five trading days, reflecting a strong rebound as the world's second-largest economy shows signs of recovery [1] Content Creation and Expertise - The freelance financial writer specializes in creating content for financial advisors and investment firms, focusing on thematic investing, market events, and client education [1] - The writer leverages empirical data and charts to produce evidence-based narratives, aiming to make financial content accessible and engaging for everyday investors [1] - Expertise includes analyzing stock market sectors, ETFs, economic data, and broad market conditions, with a focus on macro drivers of asset classes such as stocks, bonds, commodities, currencies, and crypto [1]

Class Action Lawsuit Against PDD Holdings - The Portnoy Law Firm is advising PDD Holdings Inc investors who purchased securities between April 30, 2021, and August 23, 2024, to file a lead plaintiff motion by October 15, 2024 [1] - Investors can contact the law firm for a complimentary case evaluation to discuss legal rights and options for recovering losses [1] Allegations Against PDD Holdings - PDD allegedly misled investors by highlighting growth while hiding key issues that made the growth unsustainable and risky [2] - Issues include policies that made it unprofitable for vendors, malware problems on PDD apps, lack of effective compliance systems, and hidden risks related to poor relationships with merchants and customers [2] - These issues led to significant fee refunds, merchants leaving for competitors, and slower customer growth [2] Financial Impact and Market Reaction - On August 26, 2024, PDD announced its second-quarter results for 2024, revealing no dividends or share buybacks for the foreseeable future [3] - The company indicated future profitability would be impacted by reduced transaction fees for high-quality merchants [3] - Following this news, the price of PDD ADSs dropped $39 87, or 29%, closing at $100 00 on August 26, 2024 [3] Legal Representation - The Portnoy Law Firm represents investors in pursuing claims against corporate wrongdoing and has recovered over $5 5 billion for aggrieved investors [3]

NEW YORK, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the securities of PDD Holdings Inc. f/k/a Pinduoduo Inc. (“PDD” or the “Company”) (NASDAQ: PDD) between April 30, 2021 and August 23, 2024, inclusive (the “Class Period”). For more information, submit a form at PDD Holdings Inc. Shareholder Class Action Lawsuit, email Investor Relations Manager Peter Allocc ...

NEW YORK, Sept. 30, 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=10559 ...

RADNOR, Pa., Sept. 29, 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 ...

Cheap products are flowing into the American market from abroad, and the company is a major shipper.Do you shop at Temu? For those who don't, or might generally be unfamiliar, it's been the hot e-commerce portal of recent times. It's a site with a seemingly endless variety of products, from soup ladles to office furniture, with prices that are usually much lower than comparable goods bought elsewhere. It's the great success story of its developer and owner, China-based PDD Holdings (PDD 4.62%).But success l ...

China's government promised a big stimulus, and these cheap beaten-down consumer stocks rallied hard.Shares of Chinese consumer stocks PDD Holdings (PDD 5.59%), Baidu (BIDU 4.04%), and JD.com (JD 3.76%) rallied big this week, up 29.5%, 18.9%, and 33.1%, respectively, through Thursday trading, according to data from S&P Global Market Intelligence.Chinese stocks have been trading very cheaply as of late, as the country suffered from a barrage of headwinds, including a government clampdown on tech companies, a ...

NEW YORK, Sept. 26, 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=10504 ...