Will PDD Holdings (PDD) Stock Rebound After Earnings?

PDD Holdings (PDD)  had been one of the better-performing stocks in recent years but has now dropped 30% since reporting Q2 results on Monday. The sharp selloff comes as the multinational e-commerce firm reiterated that a decline in its profitability is inevitable and expects the trend to start during Q3.Stiffer competition and broader economic concerns in China are anticipated despite PDD’s discounted merchandise allowing the company to take market share from other e-commerce titans such as Alibaba (BABA) ...