PDD Holdings Inc. (NASDAQ:PDD ) Q2 2024 Earnings Conference Call August 26, 2024 7:30 AM ET Company Participants Lei Chen - Chairman & Co-CEO Jiazhen Zhao - Executive Director & Co-CEO Jun Liu - VP, Finance Conference Call Participants Joyce Ju - Bank of America Yang Bai - CICC Operator Ladies and gentlemen, thank you for standing by, and welcome to PDD Holdings Inc. Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
NEW YORK, NY / ACCESSWIRE / August 26, 2024 / If you suffered a loss on your PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ:PDD) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
American depositary receipts (ADRs) of Chinese e-commerce company PDD Holdings (PDD) are plunging in premarket trading Monday after the parent of discount marketplace Temu reported second-quarter sales of 97.06 billion yuan ($13.63 billion), below consensus estimates of analysts polled by Visible Alpha.
U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Monday.
NEW YORK, NY / ACCESSWIRE / August 26, 2024 / If you suffered a loss on your PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ:PDD) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
The online retailer has quickly risen to challenge Amazon and Alibaba.
NEW YORK CITY, NY / ACCESSWIRE / August 26, 2024 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against PDD Holdings Inc. f/k/a Pinduoduo Inc. ("PDD" or "the Company") (NASDAQ:PDD) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired PDD securities between April 30, 2021, and June 25, 2024, inclusive (the "Class Period").
The U.S.-listed shares of Temu parent PDD Holdings Inc. PDD, -4.97% tumbled 12.9% in premarket trading Monday, after the China-based e-commerce company reported second-quarter revenue that fell well short of expectations, and said it would accept a decline in profitability to invest in its ecosystem. Net income more than doubled, to RMB32.01 billion ($4.4 billion), or RMB21.61 a share, from RMB13.11 billion, or RMB9.00 a share, in the same period a year ago.
China's PDD Holdings missed market estimates for quarterly revenue on Monday, as frail consumer spending dented business at its domestic e-commerce platform Pinduoduo, sending the company's shares down nearly 14% in premarket trading.
NEW YORK, NY / ACCESSWIRE / August 26, 2024 / If you suffered a loss on your PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ:PDD) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
NEW YORK, NY / ACCESSWIRE / August 25, 2024 / If you suffered a loss on your PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ:PDD) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
RADNOR, PA / ACCESSWIRE / August 25, 2024 / The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against PDD Holdings Inc. f/k/a Pinduoduo Inc. ("PDD") (NASDAQ:PDD) on behalf of investors who purchased or otherwise acquired PDD securities between April 30, 2021 and June 25, 2024, inclusive (the "Class Period") The lead plaintiff deadline is October 15, 2024. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered PDD losses, you may CLICK HERE or go to: Click Here You can also contact attorney Jonathan Naji, Esq.