What's bad for Temu is theoretically a boon for the U.S. retail giant.It was a tale of two big etailers on the stock exchange Monday. Sturdy American sector giant Amazon (AMZN 2.34%) ended the day up more than 2% in price, while Chinese discount goods retailer PDD Holdings (PDD -0.90%) slid by nearly 1%. The bellwether S&P 500 index, meanwhile, improved by slightly more than 1%.Temu growth slowingMuch of this stemmed from a new analysis on PDD from Bank of America. The lender concluded that the growth of Te ...

NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors of the October 15, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed on behalf of those who who acquired PDD Holdings Inc. f/k/a Pinduoduo Inc. (“PDD” or the “Company”) (NASDAQ: PDD) securities during the period of April 30, 2021 through June 25, 2024, inclusive (“the Class Period”). [Click here to learn more about the class action] On March 21, 2023, Reu ...

NEW YORK, Sept. 9, 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=100762 ...

Despite blowout profits, the parent company of Temu gave highly cautious guidance on its earnings report.Shares of Chinese e-commerce disruptor PDD Holdings (PDD 0.67%), formerly known as Pinduoduo and the parent company of Temu, plunged 25.4% in August, according to data from S&P Global Market Intelligence.PDD Holdings reported second quarter earnings in late August. And while current results showed torrid growth and increased profitability, management warned of both a slowdown and declining margins lookin ...

Pinduoduo's stock declined by 30% despite reporting solid growth.It has been a turbulent week for Pinduoduo's (PDD 0.67%) investors. Despite reporting an 86% growth in its top line in the latest-quarter earnings, the leading e-commerce platform saw its stock plunge by more than 30%.Investors were unimpressed by the strong numbers and instead focused on Pinduoduo's warning of slower growth ahead. But is the situation that dire? Let's explore this further. Pinduoduo has been executing at a world-class levelPi ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Sept. 06, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises PDD Holdings Inc. f/k/a Pinduoduo Inc. (“PDD” or “the Company”) (NASDAQ: PDD) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Bumble investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to c ...

LOS ANGELES, Sept. 6, 2024 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against CAE, Inc. ("PDD Holdings" or "the Company") (NASDAQ: PDD) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of PDD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaint ...

SAN DIEGO, Sept. 05, 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 ...

RADNOR, Pa., Sept. 5, 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 lo ...

Investment Rating - The report maintains a "Recommended" rating for Pinduoduo (PDD) with a target market value of approximately $227.3 billion based on a 12X PE for the expected Non-GAAP net profit for 2024 [7][35]. Core Insights - Pinduoduo's revenue for Q2 2024 reached 97.06 billion yuan, representing a year-on-year increase of 86%. The operating profit was 32.56 billion yuan, up 156% year-on-year, while the Non-GAAP net profit attributable to ordinary shareholders was 34.4 billion yuan, reflecting a 125% increase year-on-year [23]. - The report highlights that the growth in online marketing service revenue has slowed due to a slight decrease in GMV growth and the postponement of the 618 shopping festival. However, the transaction service revenue surged by 234% year-on-year, driven by an increase in the proportion of the "Hundred Billion Subsidy" and growth in overseas GMV from TEMU [7][23]. - The company is focusing on high-quality development in response to the competitive landscape in both domestic and international e-commerce markets, emphasizing efficiency in its operations [7][23]. Financial Summary - Total revenue projections for Pinduoduo are 422.57 billion yuan for 2024, 525.62 billion yuan for 2025, and 603.37 billion yuan for 2026, with corresponding year-on-year growth rates of 70.6%, 24.4%, and 14.8% respectively [2][7]. - The net profit attributable to ordinary shareholders is expected to be 103.52 billion yuan in 2024, 137.31 billion yuan in 2025, and 176.78 billion yuan in 2026, with year-on-year growth rates of 72.5%, 32.6%, and 28.7% respectively [2][7]. - The report indicates a projected PE ratio of 9.2 for 2024, 6.9 for 2025, and 5.4 for 2026, suggesting a favorable valuation trend [2][7].