On May 22, PDD Holdings fell 4.17% in pre-market trading, trading at $94.32/share, with trading volume of $12.04 million. The decline comes as the company is set to report Q1 earnings on May 27, with market consensus projecting revenue of approximately RMB 109.3 billion, representing only 6.66% year-over-year growth, and adjusted EPS of RMB 16.63, down 10.16% year-over-year, continuing a trend of revenue growth without profit growth.
Sentiment is further weighed down by recent 13F filings revealing that Hillhouse Capital (HHLR) reduced its PDD position by over 6.56 million shares, a 61% cut, as the fund pivoted toward AI semiconductors. Meanwhile, notable investors Duan Yongping and NetEase substantially increased their positions, absorbing much of the selling pressure. The stock currently trades near its 52-week low, with concerns over domestic platform GMV deceleration amid competition from Douyin and Kuaishou e-commerce, as well as Temu's ongoing losses, intensifying ahead of the earnings release.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments