Alibaba and Temu-Parent PDD Stock Can't Catch a Break. Moody's Downgrades China Outlook.
Shares in Chinese stocks tumbled on Tuesday after the ratings firm slashed its outlook on Chinese government credit.
Source: marketwatch.com
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PDD Holdings Inc. (NASDAQ:PDD) Shares Sold by Sei Investments Co.
Sei Investments Co. lowered its position in PDD Holdings Inc. (NASDAQ:PDD – Free Report) by 58.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,254 shares of the company’s stock after selling 157,054 shares during the period. Sei Investments […]
Source: dailypolitical.com
Jack Ma's Alibaba briefly loses China e-commerce crown to rival PDD
A brief switch in positions occurred during Thursday's trading session, where Alibaba's market value slipped to around $187 billion, below that of PDD at $188.3 billion
Source: livemint.com
Alibaba Stock Is Falling. It Lost Its Crown to Temu and Analysts Are Turning Sour.
PDD, the owner of Pinduoduo and Temu, surpasses Alibaba as the most valuable Chinese e-commerce company.
Source: marketwatch.com
Alibaba downgraded by Morgan Stanley, which says PDD is top China e-commerce play
Alibaba was downgraded to equal-weight from overweight at Morgan Stanley, with its price target cut to $90 from $110. The bank said a fundamental turnaround...
Source: marketwatch.com