China Watchdog Orders Temu-Owner PDD to Fix Refunds Policy [Yahoo! Finance Canada]
PDD Holdings Inc. - American Depositary Shares (PDD)
Company Research
Source: Yahoo! Finance Canada
Most Read from Bloomberg The State Administration of Market Regulation and Ministry of Commerce told executives at a recent meeting that the policy — which lets shoppers claim refunds without returning purchased goods — placed an unfair burden on small merchants, people familiar with the matter said. Regulators asked PDD to fix the issue but stopped short of specific suggestions or outlawing the practice, the people said, asking not to be identified disclosing private talks. The discussion in Beijing revolved around the so-called “refunds only” practice that PDD pioneered years ago. PDD's Pinduoduo online store connects hundreds of thousands of small shops with Chinese consumers, and the company withholds payments to merchants if they're judged to have fallen short of customer expectations — anything from missing delivery deadlines to product mismatches. That consumer-first approach, instrumental in helping PDD out-grow Alibaba Group Holding Ltd. and JD.com Inc., came under fir
Show less
Read more
Impact Snapshot
Event Time:
PDD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PDD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PDD alerts
High impacting PDD Holdings Inc. - American Depositary Shares news events
Weekly update
A roundup of the hottest topics
PDD
News
- China's Instagram-like Xiaohongshu making inroads with e-commerce sales [Yahoo! Finance]Yahoo! Finance
- China's Instagram-like Xiaohongshu making inroads with e-commerce sales [Yahoo! Finance Canada]Yahoo! Finance Canada
- China Watchdog Orders Temu-Owner PDD to Fix Refunds Policy [Yahoo! Finance Canada]Yahoo! Finance Canada
- Neil Shen Leads Forbes China List Of Top VC Investors For Seventh Year [Forbes]Forbes
- China's New Top Diplomat In New York Hopes For “Beginner's Luck” [Forbes]Forbes
PDD
Earnings
- 11/21/24 - Beat
PDD
Sec Filings
- 12/20/24 - Form 6-K
- 12/9/24 - Form 144
- 11/27/24 - Form 6-K
- PDD's page on the SEC website