The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about PDD Holdings Inc. (PDD) .PDD Holdings Inc. currently has an avera ...

PDD Holdings (NASDAQ: PDD) stock price has moved into a correction zone as concerns about Temu’s growth rise. The shares have slipped by more than 14% from their highest point this year. This retreat gives the Chinese behemoth a market cap of over $169 billion. Temu growth concernsCopy link to sectionPDD Holdings, the parent company spent heavily on the latest Super Bowl event. The firm spent millions airing six ads and offering $10 million worth of giveaways. This made it the biggest spender during the eve ...

Temu's Super Bowl ads sparked a surge in online searches despite recent downturn among users. The e-commerce company splurged on three spots during Sunday's big game. The advertisement campaign comes as Temu seeks to win US users and sales.  NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By click ...

Fast fashion retailer Temu’s Super Bowl ads drew the ire of lawmakers in Congress over the China-based company’s links to products made with the use of forced labor in Xinjiang as well as its data-sharing policies. Temu, which is linked to e-commerce firm Pinduoduo through their shared parent company PDD Holdings, ran several ads that encouraged viewers to download its app so they can "shop like a billionaire" and be eligible for $10 million in giveaways on the site. Temu’s Super Bowl ads cost roughly $7 mi ...

Temu proved yesterday that it is coming for U.S. markets. The Chinese e-commerce disrupter has drawn significant criticism both from consumers and industry experts who have accused it of spying on users. But that hasn’t stopped the shopping app, owned by Chinese conglomerate Pinduoduo (NASDAQ:PDD), from working hard to gain a share of U.S. markets. Recently, this has included buying up a significant amount of Super Bowl ad space. The company turned many heads when it debuted a new commercial during yesterda ...

Shares of rising Chinese e-commerce star PDD Holdings (PDD 3.95%) are rising themselves Monday morning, up 3.8% through 10:05 a.m. ET. The reason?Last night's Super Bowl featured a long list of commercial advertisers. One of the most often repeated ads over the course of those five quarters of football featured an orange-themed paean to shopping on fast-fashion website Temu -- which as it so happens is owned by PDD Holdings.The Temu adThis morning, Temu investors aren't exactly shopping "like a billionaire. ...

Temu, the controversial Chinese e-commerce giant looking to take on Amazon, is returning to the big game on Sunday with a Super Bowl ad that lawmakers are calling on Paramount Global and CBS not to run.The company, owned by PDD Holdings, skyrocketed to prominence last year after it ran an ad during the big game just a few months after it was founded. Last year's advertisement touted Temu's low prices and invited consumers to shop "like a billionaire." The multi-million dollar investment put Temu on the map ...

In addition to the commercial, Temu will be giving away $5 million in coupons and credits, an initiative already underway. On the day of the Super Bowl, Temu plans to do an additional $10 million in giveaways, the spokesperson said.It's rare for a Chinese firm to buy a Super Bowl ad spot, which costs millions of dollars . But this will be Temu's second ad at the football event — it ran its first commercial last year, underscoring how aggressively its parent company PDD is trying to crack the U.S. market.Tem ...

In the latest market close, PDD Holdings Inc. (PDD) reached $126.66, with a -1.65% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.06% for the day. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq added 0.24%.The company's shares have seen a decrease of 13.68% over the last month, not keeping up with the Retail-Wholesale sector's gain of 8.04% and the S&P 500's gain of 6.45%.The investment community will be closely monitoring the performan ...

2023年国内餐饮业收入首次突破5.2万亿元大关，创历史新高，同比去年上升20.4%，餐饮收入增幅*社会消费品零售总额增幅13.2个百分点。 这组数据给2024年的餐饮业带来一些信心，表明行业的蛋糕越来越大，餐饮企业仍有发展机会与空间。 但同时，竞争更激烈，入局者不断增多，洗牌重组加剧。企查查数据显示，2023年，国内餐饮企业新增注册量为318.69万家，注吊销数量达140.02万家，是2022年全年餐饮企业注吊销量的2倍多，创下2020年以来餐企注吊销量新高。 餐饮企业面临的挑战不止于此。 眼下，整体消费环境更加务实理性，但消费者对品质、体验的追求却在提升，大众更青睐于质价比餐饮。 于是，我们看到餐饮消费的客单价普遍下滑，但食材、人工、房租等成本仍在不断上涨，进一步增加了餐饮企业的盈利压力。内卷愈发激烈，价格战正酣，头部品牌或能靠着规模优势摊平成本，但留给中小餐饮企业的空间却越来越小。 在这样的现状下，2024年，餐饮业大潮将涌向何方？ 中饭协专委会、中国食文化连锁餐饮委员会副会长张辉在红餐网分享了自己的预判。张辉表示，当下经济增速整体放缓，消费仍然有待进一步复苏，2024年特色餐饮会呈现“总体艰难，局部灿 ...