Core Viewpoint - A class action securities lawsuit has been filed against PDD Holdings Inc. (formerly Pinduoduo Inc.) alleging securities fraud affecting investors between April 30, 2021, and September 12, 2024 [1][2]. Group 1: Allegations and Legal Context - The lawsuit claims that PDD's applications contained malware designed to obtain user data without consent, including reading private text messages [2]. - It is alleged that PDD lacks a meaningful system to prevent the sale of goods made by forced labor on its platform and has sold banned products on its Temu platform [2]. - The aforementioned issues have subjected the company to increased legal and political scrutiny, rendering previous statements about its business operations materially false and misleading [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until October 15, 2024, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [2]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [3].

Core Viewpoint - PDD Holdings Inc. is facing a class action lawsuit due to allegations of issuing misleading statements and failing to disclose critical information regarding its operations and practices, particularly concerning user data security and labor practices [1][2]. Group 1: Allegations and Class Period - The class period for the lawsuit is defined as April 30, 2021, to September 12, 2024 [1]. - Allegations include that PDD's applications contained malware designed to obtain user data without consent, including access to private text messages [1]. - It is claimed that PDD lacks a meaningful system to prevent the sale of goods made by forced labor and has sold banned products on its Temu platform [1]. - The company is said to be exposed to increased legal and political scrutiny due to these issues [1]. Group 2: Shareholder Actions - Shareholders who purchased PDD shares during the specified class period are encouraged to register for the class action and may seek lead plaintiff status [2]. - The deadline for shareholders to register and seek lead plaintiff status is October 15, 2024 [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2]. Group 3: Law Firm's Commitment - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased American Depositary Shares of PDD Holdings Inc. during the specified Class Period of the upcoming lead plaintiff deadline for a securities class action lawsuit [1][2] Group 1: Class Action Details - The Class Period for the lawsuit is from April 30, 2021, to September 12, 2024, inclusive [1] - Investors who purchased PDD Holdings securities during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A lead plaintiff must be appointed by October 15, 2024, to represent other class members in the litigation [2] Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and being ranked No. 1 for securities class action settlements in 2017 [3] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3] - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [3] Group 3: Allegations Against PDD Holdings - The lawsuit alleges that PDD Holdings made materially false and misleading statements, including the presence of malware in its applications that could access user data without consent [4] - It is claimed that PDD Holdings lacks a meaningful system to prevent the sale of goods made by forced labor and has sold banned products on its Temu platform [4] - These issues have subjected PDD Holdings to increased legal and political scrutiny, leading to misleading statements about its business and operations [4]

Core Viewpoint - Securities class action lawsuits have been filed against PDD Holdings Inc. for allegedly misleading investors about its growth and concealing significant risks to its business during the class period from April 30, 2021, to September 12, 2024 [1][2]. Group 1: Allegations Against PDD Holdings Inc. - The complaints allege that PDD misled investors by promoting its growth while hiding unsustainable factors, including unprofitable merchant policies that allowed revenue growth at the expense of vendors [2]. - Malware issues on PDD applications reportedly exploited customers and accessed sensitive user data without consent [2]. - PDD's failure to implement effective compliance systems, including preventing the sale of goods made by forced labor, is highlighted as a significant concern [2]. - The company faced undisclosed risks related to poor merchant and customer relations, leading to substantial financial repercussions, including hundreds of millions of dollars in fees returned to merchants and a slowing customer base growth [2]. Group 2: Lead Plaintiff Process - Investors in PDD have until October 15, 2024, to seek appointment as a lead plaintiff representative of the class, which involves directing the litigation on behalf of all class members [3]. - The lead plaintiff is typically the investor or small group of investors with the largest financial interest and who are representative of the proposed class [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [3]. Group 3: About Kessler Topaz Meltzer & Check, LLP - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a global reputation for recovering billions for victims of corporate misconduct [4]. - The firm aims to protect investors and consumers from fraud and negligence by businesses [4].

Company Performance - PDD Holdings Inc. Sponsored ADR closed at $141.58, with a slight increase of +0.08% from the previous day, outperforming the S&P 500's daily loss of 0.21% [1] - Over the past month, shares of PDD have gained 48.48%, significantly surpassing the Conglomerates sector's gain of 13.72% and the S&P 500's gain of 5.94% [1] - The upcoming earnings report is projected to show earnings of $2.74 per share, reflecting a year-over-year growth of 76.77%, with revenue expected to be $14.17 billion, indicating a 50.15% increase compared to the same quarter last year [1] Analyst Estimates - For the full year, Zacks Consensus Estimates project earnings of $11.95 per share and revenue of $55.73 billion, representing changes of +82.16% and +60.86% from the prior year, respectively [2] - Recent changes to analyst estimates indicate a favorable outlook on the company's business health and profitability, with revisions correlated to near-term share price momentum [2] Valuation Metrics - PDD Holdings Inc. is currently trading with a Forward P/E ratio of 11.84, which is a discount compared to the industry's average Forward P/E of 18.17 [3] - The company's PEG ratio is currently 0.32, significantly lower than the average PEG ratio of 1.94 for Diversified Operations stocks [3] Industry Context - The Diversified Operations industry, part of the Conglomerates sector, has a Zacks Industry Rank of 104, placing it in the top 42% of all 250+ industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1, highlighting the strength of the industry [4]

Core Viewpoint - Securities class action lawsuits have been filed against PDD Holdings Inc. for allegedly misleading investors about its growth and concealing significant risks to its business during the Class Period from April 30, 2021, to September 12, 2024 [1][2]. Group 1: Allegations Against PDD - Defendants are accused of promoting PDD's growth while hiding unsustainable factors, including unprofitable merchant policies that benefited PDD's revenue and operational costs [2]. - Allegations include malware issues on PDD applications that compromised customer data without consent, including sensitive information [2]. - PDD reportedly failed to implement effective compliance systems to prevent the sale of goods made by forced labor on its platform [2]. - The company faced undisclosed risks related to poor merchant and customer relations, leading to significant financial repercussions, including hundreds of millions of dollars in fees returned to merchants and a slowdown in customer growth [2]. Group 2: Lead Plaintiff Process - Investors in PDD have until October 15, 2024, to seek appointment as lead plaintiff representatives through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - The lead plaintiff represents the interests of all class members and typically is the investor or group of investors with the largest financial stake [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [3]. Group 3: Firm Information - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [5]. - The firm encourages PDD investors who have experienced significant losses to contact them for more information [4].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased American Depositary Shares of PDD Holdings Inc. during the specified Class Period of the upcoming lead plaintiff deadline for a securities class action lawsuit [1][2]. Group 1: Class Action Details - The Class Period for the lawsuit is from April 30, 2021, to September 12, 2024, inclusive [1]. - Investors who purchased PDD Holdings securities during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A lead plaintiff must move the Court by October 15, 2024, to represent other class members in the litigation [2]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and being ranked No. 1 for securities class action settlements in 2017 [3]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3]. - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [3]. Group 3: Allegations Against PDD Holdings - The lawsuit alleges that PDD Holdings made materially false and misleading statements, including the presence of malware in its applications that could access user data without consent [4]. - It is claimed that PDD Holdings lacks a meaningful system to prevent the sale of goods made by forced labor and has sold banned products on its Temu platform [4]. - These issues have subjected PDD Holdings to increased legal and political scrutiny, leading to misleading statements about its business and operations [4].

Core Viewpoint - PDD Holdings Inc., formerly known as Pinduoduo Inc., is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934 due to misleading statements and failure to disclose critical information regarding security and labor practices [1][2]. Group 1: Allegations Against PDD - The lawsuit claims that PDD's applications contained malware designed to obtain user data without consent, including access to private text messages [2]. - It is alleged that PDD lacks a meaningful system to prevent the sale of goods made by forced labor and has sold banned products on its Temu platform [2]. - The lawsuit indicates that these issues have subjected PDD to increased legal and political scrutiny [2]. - Following negative media coverage regarding security concerns, PDD's American Depositary Shares (ADSs) experienced a price drop of over 4% on March 21, 2023 [2]. - Subsequent articles published by Bloomberg and CNN further detailed malware issues and user privacy concerns, leading to additional declines in PDD's ADS prices [3]. Group 2: Legal Process and Representation - Investors who purchased PDD securities during the specified class period can seek appointment as lead plaintiff in the class action lawsuit [4]. - The lead plaintiff is typically the investor with the greatest financial interest and acts on behalf of all class members [4]. - The lead plaintiff has the authority to select a law firm for litigation, but participation as lead plaintiff does not affect the ability to share in any potential recovery [4]. Group 3: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud cases, having secured over $6.6 billion for investors in class action cases [5][6]. - The firm has been recognized for its significant recoveries, including the largest securities class action recovery in history at $7.2 billion from the Enron case [6].

Market Performance - Chinese stocks and China-related stocks experienced a significant sell-off, with PDD Holdings down 6.2%, GDS Holdings down 6.8%, and LVMH down 3.1% as of 1:15 p.m. ET [1] - The sell-off followed a strong rally over the past month, with PDD Holdings up 55%, GDS Holdings up 21%, and LVMH up 5.6% [2] Company-Specific Factors - PDD Holdings is a major e-commerce platform in China with market-leading growth, benefiting from a stronger Chinese consumer and economy [2] - GDS Holdings, a leading data center operator, would benefit from lower interest rates due to its capital-intensive business model [2] - LVMH has significant exposure to China, with 30% of its sales coming from East Asia, primarily China, and its wines and spirits segment generated 2.8 billion euros in sales in the first half of 2024 [2][4] Economic and Policy Factors - The sell-off was triggered by the lack of specific economic stimulus measures from China's National Development and Reform Commission, despite promises of fiscal stimulus and interest rate cuts last month [3] - Chinese authorities imposed tariffs on European brandy imports, ranging from 30.6% to 39%, in retaliation for EU tariffs on Chinese-made electric vehicles, potentially harming LVMH's sales to China [4] Market Sentiment and Outlook - Chinese stocks and China-exposed stocks trade at low valuations due to years of recessionary conditions, including zero-COVID lockdowns, tech regulations, and a property bubble [5] - The lack of clarity on stimulus measures and the return of tit-for-tat tariffs have reminded investors of ongoing risks, leading to hesitation in the market [6]

Core Viewpoint - PDD Holdings Inc., formerly known as Pinduoduo Inc., is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its business practices and the safety of its applications [1][2]. Allegations - The lawsuit claims that PDD's applications contained malware designed to obtain user data without consent, including access to private text messages [1]. - It is alleged that PDD lacks a meaningful system to prevent the sale of goods made by forced labor on its platform and has sold banned products on its Temu platform [1]. - The aforementioned issues have subjected the company to increased legal and political scrutiny, leading to misleading statements about its business operations and prospects [1]. Class Action Details - The class period for the lawsuit is from April 30, 2021, to September 12, 2024, and shareholders who purchased shares during this time are encouraged to register for participation [1][2]. - The deadline for shareholders to seek lead plaintiff status is October 15, 2024, and there is no cost or obligation to participate in the case [2]. Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].