Pinduoduo Stock News

The markets aren't faring any better as of mid-morning trading. In fact, stocks have widened their losses, with the Dow Jones Industrial Average now off by over 400 points.

Chinese stocks have quietly achieved a strong return in 2025, trouncing the general drop in U.S. stocks. The SPDR S&P China ETF NYSEARCA: GXC has returned over 15% year-to-date as of the Mar. 24 close.

PDD's Q4-24 revenue and EBIT missed consensus due to lower transaction service revenue, but online marketing service revenue was in line. Despite Temu's slower growth, PDD's domestic e-commerce and grocery delivery business remain strong, supporting a bullish outlook. PDD's valuation is compelling at 8x forward EBITDA, implying $170/share or 35% upside, trading at a discount to peers like BABA ...

PDD (PDD -3.31%) is one of China's fastest-growing e-commerce companies. In the years since its 2015 founding, it has attracted hundreds of millions of shoppers with its discount marketplace for group purchases.

One of the more prominent hedge fund managers today, Appaloosa Management's David Tepper, has been one of the busiest lately. His investment vehicle recently made some big moves, to the point where Appaloosa's lineup of largest holdings has changed.

It's never fun to see the value of your investments go down during a market sell-off. The Nasdaq Composite (^IXIC -0.33%) recently dipped into correction territory, defined as falling at least 10% from recent highs.

PDD Holdings (PDD 3.98%), a notable operator in global e-commerce, unveiled its financial results for the fourth quarter of 2024 on March 20. The company reported non-GAAP earnings per share (EPS) of $2.76, slightly exceeding the analyst estimate of $2.74.

Temu and Pinduoduo parent PDD Holdings Inc (NASDAQ:PDD) reported lower-than-expected fourth-quarter earnings and revenue before the open today, dinged by stiff competition and weak demand in China.