PDD Holdings Inc. Investors: Please contact the Portnoy Law Firm to recover your losses; October 15, 2024 Deadline to file Lead Plaintiff Motion

Class Action Lawsuit Against PDD Holdings - The Portnoy Law Firm is advising PDD Holdings Inc investors who purchased securities between April 30, 2021, and August 23, 2024, to file a lead plaintiff motion by October 15, 2024 [1] - Investors can contact the law firm for a complimentary case evaluation to discuss legal rights and options for recovering losses [1] Allegations Against PDD Holdings - PDD allegedly misled investors by highlighting growth while hiding key issues that made the growth unsustainable and risky [2] - Issues include policies that made it unprofitable for vendors, malware problems on PDD apps, lack of effective compliance systems, and hidden risks related to poor relationships with merchants and customers [2] - These issues led to significant fee refunds, merchants leaving for competitors, and slower customer growth [2] Financial Impact and Market Reaction - On August 26, 2024, PDD announced its second-quarter results for 2024, revealing no dividends or share buybacks for the foreseeable future [3] - The company indicated future profitability would be impacted by reduced transaction fees for high-quality merchants [3] - Following this news, the price of PDD ADSs dropped $39 87, or 29$100 00 on August 26, 2024 [3] Legal Representation - The Portnoy Law Firm represents investors in pursuing claims against corporate wrongdoing and has recovered over $5 5 billion for aggrieved investors [3]