Temu's Parent PDD Trades Near Cheapest Level Ever as Geopolitical Risks Bite
(Bloomberg) -- Shares of Temu parent PDD Holdings Inc. are being held back by geopolitical risks and fierce competition in China’s e-commerce sector.Most Read from BloombergIsraeli Airstrike, Egyptian Guard’s Death Ratchet Up TensionsWall Street Moves to Fastest Settlement of Trades in a CenturyFor Private Credit's Top Talent, $1 Million a Year Is Not EnoughMusk’s xAI Raises $6 Billion in Bid to Challenge OpenAICatering to the Ultra-Rich Is a Booming Business in AustraliaGranted, it US-listed st