Core Viewpoint - A securities class action lawsuit has been filed against PDD Holdings Inc. for allegedly making false and misleading statements regarding its business practices and the safety of its applications [1][2]. Group 1: Allegations Against PDD Holdings Inc. - 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]. - These issues have reportedly subjected PDD to increased legal and political scrutiny, rendering the company's statements about its business and operations misleading [2]. Group 2: Legal Process for Investors - Investors in PDD have until October 15, 2024, to seek appointment as lead plaintiff in the class action, which involves directing the litigation on behalf of all class members [3]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case and who are representative of the class [3]. - Participation 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 a law firm that prosecutes class actions and has a reputation for recovering billions for victims of corporate misconduct [5]. - The firm encourages PDD investors who have suffered losses to contact them for more information regarding the lawsuit [4].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased PDD Holdings Inc. securities between April 30, 2021, and June 25, 2024, of the upcoming lead plaintiff deadline for a class action lawsuit set for October 15, 2024 [1][2] Group 1: Class Action Details - Investors who bought PDD Holdings securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by the October 15, 2024 deadline [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] Group 3: Case Allegations - The lawsuit alleges that PDD Holdings made materially false and misleading statements, including claims about malware in its applications, lack of systems to prevent forced labor goods on its platform, and exposure to legal scrutiny [4] - The allegations suggest that these issues led to significant damages for investors when the true details became public [4]

Core Points - A securities class action lawsuit has been filed against PDD Holdings Inc. for alleged misconduct during the Class Period from April 30, 2021, to June 25, 2024 [1] - The lead plaintiff deadline for investors to participate is October 15, 2024 [3] Allegations Against PDD - The complaint 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] - These issues have reportedly subjected PDD to increased legal and political scrutiny, rendering the company's statements about its business and operations materially false and misleading [2] Lead Plaintiff Process - Investors can seek to be appointed as a lead plaintiff representative of the class by the deadline of October 15, 2024, or remain absent class members [3] - The lead plaintiff is typically the investor or group of investors with the largest financial interest and must be adequate and typical of the proposed class [3] Firm Information - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [5] - The firm encourages PDD investors who have suffered losses to contact them for more information [4]

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against PDD Holdings Inc. due to allegations of federal securities law violations, with a deadline for investors to seek lead plaintiff status by October 15, 2024 [2][3]. Group 1: Allegations Against PDD Holdings - The complaint alleges that PDD Holdings' applications contained malware designed to obtain user data without consent, including reading private text messages [3]. - It is claimed that PDD Holdings lacks a meaningful system to prevent goods made by forced labor from being sold on its platform and has sold banned products on its Temu platform [3]. - The allegations suggest that these issues have subjected PDD Holdings to increased legal and political scrutiny, rendering previous statements about its business operations materially false and misleading [3]. Group 2: Legal Actions and Market Impact - On June 25, 2024, the Arkansas Attorney General announced a lawsuit against Temu, owned by PDD, for violations of the Arkansas Personal Information Protection Act, describing it as "functionally malware and spyware" [4]. - Following the news of the lawsuit, PDD's American depositary receipt (ADR) price fell by $8.06, or 5.77%, closing at $131.94 per ADR on June 27, 2024 [5]. - The firm encourages anyone with information regarding PDD's conduct, including whistleblowers and former employees, to come forward [5].

Core Viewpoint - PDD Holdings Inc. is facing a class action lawsuit due to allegations of issuing misleading statements and failing to disclose critical issues related to user data privacy and labor practices [1][2]. Group 1: 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, rendering previous statements about its business operations misleading [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as April 30, 2021, to June 25, 2024, and shareholders who purchased shares during this timeframe are encouraged to register [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]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to 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 - A securities class action lawsuit has been filed against PDD Holdings Inc. for allegedly making false and misleading statements regarding its business practices and the safety of its applications during the class period from April 30, 2021, to June 25, 2024 [1][2]. Group 1: Allegations Against PDD Holdings Inc. - The complaint alleges that PDD's applications contained malware designed to obtain user data without consent, including access to private text messages [2]. - It is claimed 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 allegations suggest that these issues have subjected PDD to increased legal and political scrutiny, rendering the company's statements about its business and prospects materially false and misleading [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 through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - A lead plaintiff acts on behalf of all class members and is typically the investor or group of investors with the largest financial interest in the case [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: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions of dollars for victims of corporate misconduct [5]. - The firm encourages PDD investors who have suffered significant losses to contact them for more information [4].

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]

Core Viewpoint - PDD Holdings Inc. is considered one of the most attractive Chinese e-commerce investments due to its unique business model that eliminates intermediaries, allowing for cost-competitive products despite facing quality control challenges and macroeconomic instability [1] Operational Analysis - Pinduoduo, the main revenue generator, accounts for approximately 90% of total sales and combines group buying with social shopping, leveraging platforms like Tencent's WeChat, leading to rapid expansion and nearly a billion users [2] - The consumer-to-manufacturer (C2M) model allows direct connections between consumers and manufacturers, reducing logistics costs and appealing to price-sensitive shoppers while benefiting local agricultural producers [2] - PDD has faced criticism for counterfeit and substandard products, leading to its inclusion on the U.S. government's Notorious Markets for Counterfeiting and Piracy list, prompting management to collaborate with over 400 luxury brands and implement quality control measures [2] - User engagement is enhanced through gamification strategies, including daily check-ins and mini-games, fostering community and habit formation, which is beneficial for growth prospects [2] Financial and Valuation Analysis - The GF Score for PDD Holdings is 80 out of 100, reflecting a short profitability period and a year-to-date price decline of over 36%, yet the stock is deemed significantly undervalued based on future growth estimates [3][4] - The current price-earnings ratio is 10, down from a 10-year median of nearly 24, while the price-sales ratio is 2.83, significantly lower than its 10-year median of 8.65 [4] - The price-to-free cash flow ratio stands at 7.23, lower than the industry median of 11.19 and its own 10-year median of 19.37, indicating potential for price growth amid bearish sentiment in the market [4] Market Dynamics - The future three-to-five-year total revenue growth rate estimate is projected at 35%, suggesting potential volatility and a contraction in the price-sales ratio as growth rates cool off [9] - The stock's undervaluation presents a buying opportunity, particularly as PDD has outperformed peers like Alibaba and JD.com in price growth over the past three years [4] Conclusion - Despite current risks in the Chinese market, PDD Holdings presents an attractive valuation with expected rapid growth in earnings and revenue, supported by a low price-to-free-cash flow ratio and strong free cash flow growth compared to peers [12] - The company remains a leader in cost-competitive e-commerce, utilizing gamification to enhance user engagement and maintain competitiveness against emerging players [12]

NEW YORK, Sept. 16, 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=10242 ...

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. 13, 2024 (GLOBE NEWSWIRE) ...