PDD Gains 66.9% in a Month: Can E-commerce Momentum Drive the Stock?

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 rest ...