The Latest Breaking News from PDD Holdings

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -0.80%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.76%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.06%. Stocks on Wednesday extended Tuesday’s losses and closed...

Wednesday’s unusual options activity had multiple stocks with two or more calls expiring on the same day. Five stocks caught my interest. Only one of the calls is worth buying.

"We need to change, or there’s no way out for our company," JDD founder Richard Liu wrote in a post on the company's internal forum.

E-commerce platform PDD Holdings jumped after earnings, while rival Shein reportedly filed confidential IPO paperwork.

Huang rose seven places on Hurun's annual list of China's wealthiest people, thanks to surging business at both Pinduoduo and Temu.

Since launching in September 2022, Temu has exploded in popularity across the US with many taking to TikTok to share the lightning deals on everything from beauty to power tools

The faltering recovery in China has spurred investors to raise their bearish wagers on Chinese e-commerce stocks. For example, short interest in PDD Holdings (PDD ) has risen to about 8% of total shares outstanding, according to IHS Markit data. That’s higher than e-commerce peers JD.com (JD ) and Alibaba...

Temu has been popular in the US and offers massive discounts, up 99 per cent

The Chinese e-commerce site has come under pressure to enhance its verification procedure, get rid of hazardous products, and make independent sellers accountable when security breaches are discovered

JD.com (JD ), one of China’s largest online retailers, is struggling this year after rallying to an 8-month high in January. The stock price has fallen nearly -47% from January’s peak on disappointment about China’s uneven recovery from the pandemic and increased competition from other Chinese online retailers. After more...

The app first launched last year