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PDD Holdings Inc. (NASDAQ:PDD – Get Free Report) saw unusually-strong trading volume on Wednesday after the company announced better than expected quarterly earnings. Approximately 4,960,641 shares traded hands during trading, a decline of 47% from the previous session’s volume of 9,327,567 shares.The stock last traded at $97.58 and had previously closed at $93.22. The company […]
The U.S.-listed shares of PDD Holdings Inc. powered up 12.7% toward a five-month high in premarket trading Tuesday, after the China-based mobile marketplace...
Ecommerce platforms in China have been offering discounts and subsidies to lure shoppers in an uncertain economy. The focus on low-cost products has helped Chinese firms such as JD.Com and Alibaba Group to report better-than-expected quarterly revenue earlier this month.
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(Reuters) -- PDD Holdings beat second-quarter revenue estimates on Tuesday, as its discount e-commerce platform Pinduoduo attracted price-conscious cu