Why PDD Holdings Stock Was Climbing Today

Shares of PDD Holdings (PDD 0.96%) were popping today after the Chinese e-commerce giant posted another round of blistering growth in its fourth-quarter earnings report. Revenue and operating profit both more than doubled in the period.As of 9:45 a.m., the stock was up 6% after opening up as much as 16% higher. PDD is destroying the competitionPDD, the parent of Pinduoduo and Temu, the fast-growing international discount e-commerce platform, blew past estimates in its fourth-quarter earnings report.Revenue ...