PDD Holdings Drags Down Chinese E-Commerce Stocks

PDD Holdings dragged down Chinese e-commerce stocks in morning trading. PDD Holdings plunged 25%, Alibaba and JD.com sank nearly 5%.PDD Holdings, the Chinese owner of online retailer Temu, plunged after it reported quarterly revenue that missed analysts’ expectations.PDD also said profitability could be hurt in the short term by investments in the business.Temu has grown quickly to become a challenger to Amazon and Chinese rivals Alibaba and JD.com. The question now is whether it can continue to
PDD Holdings Drags Down Chinese E-Commerce Stocks

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  • VinCny82
    ·08-26
    But it doesn’t seem like it from the share price I seriously don’t understand.🤣
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