Up 32% in 2025, Is Chinese E-Commerce Giant PDD Still a Buy?

Chinese stocks have quietly achieved a strong return in 2025, trouncing the general drop in U.S. stocks. The SPDR S&P China ETF NYSEARCA: GXC has returned over 15% year-to-date as of the Mar. 24 close. This compares impressively to the nearly -2% return of the S&P 500 Index. This rally is even more pronounced when looking at the return of Chinese e-commerce company PDD NASDAQ: PDD. The stock has provided a total return of over 32% on the year. Although most of the gain in PDD came before its Q4 earnings rep ...