NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of American Depositary Shares of PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ: PDD) between April 30, 2021 and September 12, 2024, both dates inclusive (the “Class Period”), as well as those who purchased call options or sold put options during 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 y ...

SAN DIEGO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ: PDD) publicly traded securities between April 30, 2021 and June 25, 2024, all dates inclusive (the “Class Period”), have until October 15, 2024 to seek appointment as lead plaintiff of the PDD class action lawsuit. Captioned Baxter v. PDD Holdings Inc. f/k/a Pinduoduo Inc., No. 24-cv-05653 (E.D.N.Y.), the PDD class action lawsuit charges PDD ...

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]

NEW YORK, Oct. 08, 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 ...

PDD Holdings (PDD, Financial), the parent company of Pinduoduo and Temu, saw a minor decline in its stock price today, with a decrease of 0.76%, bringing the price to $153.09. This movement follows the stock's significant volatility in past months as it responded to external economic influences, primarily driven by China's recent economic stimulus efforts.China's economy is on the road to recovery from the pandemic and stringent "zero COVID" policies that previously hampered consumer spending. The People's ...

Core Viewpoint - The Chinese government's economic stimulus measures have boosted investor optimism regarding consumer spending, particularly benefiting PDD Holdings amid a recovering stock market [1][2]. Group 1: Market Response - PDD Holdings' shares surged by 40% in September, driven by a broader rise in the Chinese stock market in response to government stimulus efforts [2]. - The People's Bank of China implemented a significant interest rate cut, reducing the medium-term loan facility rate from 2.3% to 2%, which positively influenced investor sentiment [4]. - The Politburo's support for strong stimulus measures aimed at enhancing consumer demand further contributed to the favorable market conditions for PDD Holdings [4]. Group 2: Company Performance - PDD Holdings reported an impressive revenue increase of 86% in Q2, reaching $13.4 billion, alongside a strong operating profit of $4.5 billion, indicating robust profitability [5]. - Compared to peers like Alibaba and JD.com, PDD Holdings is experiencing faster growth and has outperformed these competitors in the market [5]. - If the new stimulus measures prove effective, PDD's growth trajectory could accelerate, potentially driving the stock price even higher [5].

PDD Holdings (PDD) shares have appreciated 66.9% in the past month, outperforming the industry’s rally of 12.3% and the S&P 500 index’s return of 5.4%. This China-based company has been enjoying short-term gains of late, thanks to the latest stimulus measures announced by the People’s Bank of China to revive flagging economic growth in China.The measures include interest rate cuts, which would reduce borrowing costs and prevent scores of debt-laden property owners. Secondly, the central bank will ease restr ...

NEW YORK, Oct. 7, 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=106654& ...

RADNOR, Pa., Oct. 5, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that securities class action lawsuits have 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 September 12, 2024, inclusive (the "Class Period")  The lead plaintiff deadline is October 15, 2024.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered P ...

RADNOR, Pa., Oct. 04, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that securities class action lawsuits have 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 September 12, 2024, inclusive (the “Class Period”) The lead plaintiff deadline is Oc ...