$PDD seems to be shorted?
This is likely what’s causing $PDD Holdings Inc(PDD)$ to fall today. Both companies are Chinese-owned, so don’t expect any sympathy favoring either one in US courts (if it gets to that).
What seems clear is that Shein is really getting hurt by Temu’s surging popularity. I’m also wondering about the language of these accusations as if I’m reading a short-seller report.
Just my personal opinion.
And somehow $Bilibili Inc.(BILI)$ $BILIBILI-W(09626)$ manages to sell off every time it reports good earnings only to rally later on. I don’t believe in coincidences.
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https://x.com/BrianTycangco/status/1826988318061678966
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