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2,597,734 Shares in PDD Holdings Inc. (NASDAQ:PDD) Bought by Dragoneer Investment Group LLC - Vimarsana News

2,597,734 Shares in PDD Holdings Inc. (NASDAQ:PDD) Bought by Dragoneer Investment Group LLC

Dragoneer Investment Group LLC acquired a new position in shares of PDD Holdings Inc. (NASDAQ:PDD – Free Report) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 2,597,734 shares of the company’s stock, valued at approximately $179,607,000. PDD comprises 3.7% of Dragoneer Investment Group LLC’s holdings, making the stock its 13th largest holding. […]

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DALIAN, China -- It wasn't that long ago that China's real estate sector produced many of the country's top billionaires. But their fortunes have fall

Source: nikkei.com
New China Forecast Is Good News for Alibaba in Early 2024—Before It Gets Worse - Vimarsana News

New China Forecast Is Good News for Alibaba in Early 2024—Before It Gets Worse

Capital Economics sees strong Chinese consumer spending to start 2024, but growth may peter out over the full year.

The Rise of Temu's Chinese Parent Will Reshape E-Commerce - Vimarsana News

The Rise of Temu's Chinese Parent Will Reshape E-Commerce

PDD, the owner of fast-growing Temu, is muscling into the U.S. in a way Alibaba never did

Source: wsj.com
Alibaba and PDD Can't Catch a Break as Moody's Downgrades China Outlook - Vimarsana News

Alibaba and PDD Can't Catch a Break as Moody's Downgrades China Outlook

Shares in Chinese stocks tumbled on Tuesday after the ratings firm slashed its outlook on Chinese government credit.