Page 10 - Pdd News Today

Hi everyone, this is Cissy from Hong Kong.When I was preparing for the earnings results of PDD Holdings on Tuesday, I noticed that its market cap was

HONG KONG -- For a brief moment on Wednesday, China's e-commerce king lost its crown as the most valuable Chinese company listed in the U.S.Alibaba's

PDD (NASDAQ:PDD – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $11.61 EPS for the quarter, beating the consensus estimate of $8.94 by $2.67, MarketWatch Earnings reports. The company had revenue of $68.84 billion for the quarter, compared to the consensus estimate of $55.18 billion. PDD had a net margin […]

The once-inconceivable shift reflects the turmoil that engulfed Alibaba after Beijing in 2020 targeted the company and its once-outspoken co-founder, kicking off a sweeping crackdown on the powerful tech sector. It also signals the rise of a generation of upstarts from PDD to ByteDance, which are disrupting the traditional arenas of social media and e-commerce.

Alibaba shares fell 3% in premarket trade, as the Financial Times reported that company founder Jack Ma wrote on an internal forum that the internet giant...

Alibaba stock has been suffering after it abandoned its cloud spinoff plans. Plaudits for the performance of Chinese e-commerce rival PDD are adding more...

Shares of PDD were soaring 16% in premarket trading Tuesday after the Chinese e-commerce company blew past expectations for its latest quarter.

Zscaler shares fall after the cybersecurity company's fiscal-year forecast for calculated billings disappoints, and Boeing stock is upgraded. CrowdStrike,...

Discount-focused online retailer PDD may be a beneficiary of China's economic slowdown.

Colin Huang, the 43-year-old founder of Chinese discount retailer PDD, experienced the bump in riches—and jumps ahead of TikTok billionaire—after shares of his company soared 18%.