
PDD (NASDAQ: PDD) is one of many stocks that have experienced a significant downturn over recent months. The stock is down over 25% from its 52-week high, reached in November 2025, and has fallen more than 10% in 2026.
The consumer discretionary firm is one of the largest e-commerce players in China, where it operates the platform Pinduoduo. In markets outside of China, PDD operates the e-commerce platform Temu. The company is looking in the face of legitimate concerns, including unfavorable U.S. trade policies against Chinese imports and the need to scale up its investments.