A focus on growth over profit didn't help PDD's stock this week.Shares of PDD Holdings (PDD 2.29%), which owns the popular online marketplace Temu, fell as much as 32.9% in trading this week, according to data provided by S&P Global Market Intelligence. The company reported earnings that showed an astounding 86% increase in revenue, but the biggest news was management saying the focus would be on growth, not profits, in the future.PDD's prioritiesSecond-quarter 2024 revenue jumped 86% to $13.6 billion, and ...

PDD Holdings Inc PDD stock is flapping its wings wildly after hitting a Death Cross on the charts. The stock, down 33.62% year-to-date and -21.50% over the past month, just crossed that ominous technical threshold where the short-term moving average dips below the long-term average. Translation? The bearish clouds are thickening. Chart created using Benzinga ProTemu Trouble & Tumbling StocksPDD Holdings, the parent company of Temu, is feeling the heat. Temu’s low-priced lure is creating headaches for rivals ...

Let's look into why this hot tech stock suddenly turned cold.Over the past couple of years, PDD Holdings (PDD 4.77%), managed to defy a weakened Chinese e-commerce market and put up stellar growth (even as rivals struggled). It was only after the company reported second-quarter earnings results that warned of challenges ahead that the stock price took a hit.Let's take a closer look at the company's earnings as well as other issues involving PDD to see if investors should buy this latest dip or stay away.Str ...

NEWTOWN, Pa., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Edelson Lechtzin LLP, a leading class action law firm, announces that investors of PDD Holdings Inc. f/k/a Pinduoduo (NASDAQ: PDD) between April 30, 2021, and June 25, 2023, inclusive (the “Class Period”) may seek appointment as lead plaintiff in the pending securities fraud class action lawsuit. A copy of the Complaint can be found HERE. Investors who purchased PDD Holdings stock may move the U.S. District Court for the Eastern District of New York to appoint ...

LOS ANGELES, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming October 15, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired PDD Holdings Inc. (“PDD” or the “Company”) (NASDAQ: PDD) securities between April 30, 2021 and June 25, 2024, inclusive (the “Class Period”). If you suffered a loss on your PDD investments or would like to inquire about potentially pursuing claims to r ...

NEW YORK, Aug. 29, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ: PDD).Shareholders who purchased shares of PDD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/pdd-holdings-inc-f-k-a-pinduoduo-inc-loss-submission-form/?id=98730& ...

Investment Rating - The report maintains a "Buy" rating for Pinduoduo with a target price of $119.82 per ADS [19][24]. Core Insights - Advertising revenue growth has slowed down, with Q2 2024 revenue at 97.1 billion CNY, a year-on-year increase of 86%, which is below market expectations of 100 billion CNY [16]. - The company reported a net profit of 34.4 billion CNY in Q2 2024, exceeding market expectations of 30.1 billion CNY, with a profit margin of 35.5% [16]. - Pinduoduo plans to increase investments in enhancing platform safety and supporting quality merchants to achieve high-quality growth amid intensified external competition [16]. Financial Performance Summary - Q2 2024 revenue: 97.1 billion CNY, up 86% YoY; advertising revenue: 49.1 billion CNY, up 29% YoY; commission revenue: 47.9 billion CNY, up 234% YoY [16]. - Q2 2024 adjusted net profit: 34.4 billion CNY, with a profit margin increase of 6.3 percentage points YoY [16]. - The company’s operating costs increased by 80% YoY, primarily due to fulfillment and payment processing fees [16]. Earnings Forecast and Valuation - Revenue projections for 2024-2026 are adjusted to 406.9 billion CNY, 511.1 billion CNY, and 600.3 billion CNY respectively, with adjusted net profits of 127.8 billion CNY, 154.3 billion CNY, and 194.5 billion CNY [17]. - The valuation approach includes PE valuation for the profitable main site and P/GMV valuation for high-growth segments like Duoduo Grocery and TEMU, leading to a total valuation of approximately 1,664 billion USD [24][25].

SAN DIEGO, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired PDD Holdings Inc. (NASDAQ: PDD) securities between April 30, 2021 and June 25, 2024. PDD purports to be “a multinational commerce group that owns and operates a portfolio of businesses.” For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP ...

Core Viewpoint - A class action securities lawsuit has been filed against PDD Holdings Inc. (formerly Pinduoduo Inc.) alleging securities fraud affecting investors between April 30, 2021, and June 25, 2024 [1][2]. Group 1: Allegations and Impact - The lawsuit claims that PDD's applications contained malware designed to obtain user data without consent, including reading private text messages [2]. - It is alleged that PDD lacks a meaningful system to prevent the sale of goods made by forced labor on its platform and has sold banned products on its Temu platform [2]. - The aforementioned issues have subjected the company to increased legal and political scrutiny, rendering previous statements about its business operations materially false and misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until October 15, 2024, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [2]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [3].

The Chinese e-commerce leader is still firing on all cylinders.PDD Holdings (PDD -4.09%), one of China's top e-commerce companies, was one of the few Chinese stocks that bucked the sector's ongoing sell-off. Its stock price rallied 80% over the past 12 months, while shares of Alibaba (BABA -0.38%) and JD.com (JD 2.25%) declined 5% and 21%, respectively.Given the strong performance, some investors might be wondering if there is any more growth left to tap into. Let's review four reasons why PDD is still wort ...