China Market Update: BYD Revenue Exceeds Tesla, Tesla's Market Cap Is 7X Larger [Forbes]
PDD Holdings Inc. - American Depositary Shares (PDD)
Company Research
Source: Forbes
South Korea and the Philippines underperformed. Taiwan was closed for Super Typhoon Kong-Rey, while Malaysia and Singapore were closed for Diwali, the Hindu festival of lights symbolizing the spiritual victory of Dharma over Adharmic, light over darkness, good over evil, and knowledge over ignorance. Hat tip to Chile and Slovenia for having today off for Halloween. Hong Kong and Mainland China bounced around the room in a choppy session, as the former succumbed to late-day selling to close lower while Mainland China held onto gains. Mainland investors bought the Hong Kong dip with $345 million worth of net Hong Kong stock buying via Southbound Stock Connect. The “official” October Manufacturing PMI calculated by the National Bureau of Statistics was 50.1 versus September's 49.8 and economist expectations of 49.9, while the Non-manufacturing PMI was 50.2 versus September's 50 and expectations of 50.3. PMIs are a diffusion index with levels above 50, indicating growth month-over-mo
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PDD
News
- Temu owner PDD misses quarterly revenue and profit estimates as consumers struggle [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Temu-owner PDD misses market estimates for Q3 revenue on weak consumer spending [Yahoo! Finance]Yahoo! Finance
- PDD Holdings Announces Third Quarter 2024 Unaudited Financial ResultsGlobeNewswire
- Is PDD Holdings (PDD) A Cheap NASDAQ Stock To Invest In Now? [Yahoo! Finance]Yahoo! Finance
- Temu Faces Growing Scrutiny As Indonesia And Vietnam Express Concerns [Forbes]Forbes
PDD
Earnings
- 11/21/24 - Beat
PDD
Sec Filings
- 11/21/24 - Form 6-K
- 10/22/24 - Form SC
- 10/21/24 - Form SC
- PDD's page on the SEC website