Group 1: Market Reaction - Chinese stocks experienced a pullback following disappointing trade data, raising concerns that recent stimulus measures may be insufficient to revive growth [1][2] - Major companies such as PDD Holdings, Tencent, and Li Auto saw significant declines in their stock prices, with drops of 6.1%, 4.8%, and 4.4% respectively [1] - The recent rally in Chinese stocks, which began in September, is now reversing as investors reassess the effectiveness of government stimulus plans [1][4] Group 2: Trade Data Insights - China's trade data revealed a 2.4% increase in exports and a 0.3% increase in imports year-over-year, both figures falling short of expectations [2] - The consumer price index showed only a 0.1% increase in September, the lowest inflation rate since February 2021, raising concerns about potential deflation [2] Group 3: Government Stimulus Measures - China's finance minister announced plans to support regional banks and stabilize the property market, but details on direct fiscal stimulus for households were lacking [3] - The government may raise $846 billion in special long bonds to assist local governments with off-balance sheet debt, but this measure is perceived as insufficient for stimulating consumer demand [3] Group 4: Investor Sentiment - Investors are divided on the outlook for Chinese stocks, with some hedge fund managers taking opposing positions following recent stimulus announcements [5] - There is a consensus that a more substantial stimulus is needed to restore consumer confidence and drive growth, alongside potential structural reforms [5]

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. - Defendants are accused of promoting PDD's growth while hiding unsustainable factors that posed risks, including unprofitable merchant policies, malware issues, and inadequate compliance systems [2]. - Specific allegations include that PDD's merchant policies led to operational cost savings at the expense of vendor profitability, and that malware on PDD applications compromised user data [2]. - The company reportedly faced undisclosed risks related to poor merchant and customer relations, resulting in significant financial repercussions such as hundreds of millions of dollars in fees returned to merchants [2]. Group 2: Legal Process for Investors - Investors in PDD can seek to be appointed as lead plaintiffs by October 15, 2024, through Kessler Topaz Meltzer & Check, LLP or other legal counsel [3]. - A lead plaintiff represents the interests of all class members and typically has the largest financial stake in the case [3]. - Participation as a lead plaintiff does not affect the ability of other investors to share in any potential 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 affected PDD investors to contact them for more information regarding the lawsuits [4][5].

阿里、拼多多、京东同一天启动 "双 11"。 2024 年，阿里淘天（9988.HK）、拼多多（PDD.O）、京东 (9618.HK）一起在 10 月 14 日开始今 年的 "双 11" 活动。去年三大电商平台的 "双 11" 分别从 10 月 24 日、23 日和 20 日开始。现在，三 个电商的应用图标都标上了 "11.11"，其中拼多多 iOS 应用是 10 月 14 日更新的，第一条说明就是 "拼多多 11.11 大促，快来领大促优惠券"。前一天，阿里集团副总裁、天猫事业部总裁家洛 在媒体 沟通会上说，今年 "双 11" 背负更多商家和平台期待。 SpaceX 抓住星舰。 上个周末，SpaceX 成功完成了星舰第五次测试飞行，火箭从得州发射，经过大约一个小时后坠于 印度洋。这也是其第二次成功发射、飞行和再入大气层。但这次发射最被值得记录的，是火箭助推 器在将星舰送入太空后，返回地球时被发射塔伸出的两只巨型机械臂抓住。宛如科幻片。 比亚迪在巴黎车展抨击欧盟关税。 比亚迪（002594.SZ）执行副总裁李柯在巴黎车展上说，欧洲消费者的电动车心智还需要教育，问 题主要在于价格高，而欧盟征收关税最终由消费者买 ...

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].