Chinese stocks fell after climbing yesterday on stimulus news and interest rate cuts.Chinese stocks pulled back broadly on Wednesday morning, failing to maintain the boost they got from stimulus measures and interest rate cut announcements yesterday, as the group tries to find momentum amid a struggling Chinese economy.Shares of the e-commerce giants PDD Holdings (PDD -1.23%) and JD.com (JD -2.06%) had both fallen as much as roughly 3% and 5%, respectively, earlier this morning before paring some of those l ...

SAN DIEGO, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired PDD Holdings Inc. (NASDAQ: PDD) securities between April 30, 2021 and June 25, 2024. PDD purports to be “a multinational commerce group that owns and operates a portfolio of businesses.” For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LL ...

NEW YORK, Sept. 24, 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/?i ...

RADNOR, Pa., Sept. 23, 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 ...

NEW YORK, Sept. 21, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ: PDD) between April 30, 2021 and June 25, 2024, both dates inclusive (the “Class Period”), of the important October 15, 2024 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If you purchased PDD Holdings securities during the Class Period you may be entitled to compensation without ...

RADNOR, Pa., Sept. 20, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been filed 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 October 15, 2024.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:If you suffered PDD l ...

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. 19, 2024 (GLOBE NEWSWIRE) ...

NEW YORK, Sept. 18, 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/?i ...

RADNOR, Pa., Sept. 18, 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 ...

Core Viewpoint - PDD's stock has significantly declined from its peak, presenting a potential buying opportunity despite current challenges [1][5][8] Company Overview - PDD is China's third-largest e-commerce company, founded nine years ago, focusing on lower-income shoppers and bulk discounts [2] - The company has launched a farm-to-table platform, disrupting traditional grocery models and becoming the largest online agricultural platform in China [2] International Expansion - In 2022, PDD expanded internationally with Temu, a cross-border marketplace, achieving over 167 million monthly active users, including 50 million in the U.S. [3] - PDD transitioned from a first-party to a third-party marketplace model, aligning more closely with Alibaba's business structure [3] Regulatory Environment - PDD has not faced the same level of regulatory scrutiny as Alibaba, potentially benefiting from the latter's challenges [4] Financial Performance - From 2018 to 2023, PDD's revenue grew at a CAGR of 80%, with net income rising at a CAGR of 178% from 2021 to 2023 [5] - Analysts project PDD's revenue to grow at a CAGR of 36% from 2023 to 2026, with EPS rising at a CAGR of 39% [7] Market Valuation - PDD currently trades at 7 times next year's earnings, which is lower than Alibaba and JD's valuations [7] - If PDD meets growth expectations and achieves a higher valuation multiple, its stock price could potentially reach about $930 by 2034 [7][8] Future Challenges - PDD must strengthen its competitive position against Alibaba and JD, continue expanding Temu, and navigate U.S.-China tensions to realize its growth potential [8]