PDD Holdings Inc. American Depositary Shares (PDD)
Temu owner's shares plummet 30% as fast-fashion competition intensifies
The shares drop was the company's worst decline since 2022 as rivals like TikTok Shop and Alibaba gain pace in the fast-fashion sector.
The CEO of Temu's Parent Sees a 'Rational' Consumer Out There
Throughout this earnings season, executives at consumer-facing companies have described a shopping public increasingly willing to search for value.
October 15, 2024 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against PDD
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.
Levi & Korsinsky Notifies PDD Holdings Inc. f/k/a Pinduoduo Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - PDD
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.
PDD: Growth Caves In, As Competition Intensifies (Rating Downgrade)
PDD Holdings Inc. reported a Q2 2024 earnings miss and warned of slower growth, leading to a 25% drop in market cap. Management's forward-looking commentary highlighted competitive pressures and merchant dissatisfaction, impacting profitability and growth outlook. Despite strong transaction services growth, rising merchant fees and competition from Alibaba are major concerns.
3 China Stocks to Watch Amid PDD Post-Earnings Plummet
Following a disappointing second-quarter earnings report, U.S.-listed shares of China-based online retailer PDD Holdings Inc - ADR (NASDAQ:PDD) are eyeing their worst day ever.
PDD Holdings Inc. f/k/a Pinduoduo Inc. (PDD) Investors: October 15, 2024 Filing Deadline in Securities Class Action - Contact Kessler Topaz Meltzer & Check, LLP
RADNOR, PA / ACCESSWIRE / August 26, 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.
Why PDD Holdings Stock Plunged Today
The parent of Pinduoduo and Temu beat top-line estimates, but missed on the bottom line. Management said that profitability could fall as competition intensifies.
Temu owner PDD misses quarterly sales estimates amid weak consumer spending
PDD Holdings, the parent company of discount online retailer Temu, reported quarterly revenue below analyst estimates as weaker consumer spending hit its Chinese eCommerce platform Pinduoduo Inc (NASDAQ:PDD). For the quarter, revenue was 97.06 billion yuan (US$13.64 billion), missing estimates of 100 billion yuan ($US14.02 billion).
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of October 15, 2024 in PDD Holdings Inc. f/k/a Pinduoduo Inc. Lawsuit - PDD
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 Schall Law Firm Is Seeking Shareholders To Join A Securities Fraud Case Against PDD Holdings Inc.
LOS ANGELES, CA / ACCESSWIRE / August 26, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against PDD Holdings Inc. f/k/a Pinduoduo Inc. ("PDD" or "the Company") (NASDAQ:PDD) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between April 30, 2021 and June 25, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before October 15, 2024.
PDD Stock Heads for Worst Day Ever
PDD Holdings Inc (NASDAQ:PDD) stock is headed for its largest daily percentage drop ever, down 27.2% at $101.75 at last glance, after the China-based e-commerce name announced disappointing second-quarter results and warned of a revenue slowdown.
