China's richest man blasts tech giants and government inaction in rare rebuke [CNN]
PDD Holdings Inc. - American Depositary Shares (PDD)
Company Research
Source: CNN
Hong Kong CNN — China's richest man has hit out at online shopping platforms, accusing them of starting price wars that have damaged a wide range of companies and industries as the country tackles an economic slump. And in extremely rare remarks that have been largely censored by state media, Zhong Shanshan, founder of drinks company Nongfu Springs, also took aim at the Chinese government, saying it was “negligent” in failing to prevent the trend of cut-throat pricing. It is very unusual for Chinese businesspeople to take public aim at the government and those who have done so have often faced repercussions. Speaking on Tuesday during a visit to a county in eastern China, Zhong was widely quoted as taking direct aim at Pinduoduo, criticizing the popular e-commerce site owned by PDD Holdings for hurting businesses. “Internet platforms have brought down (our) pricing system. In particular, Pinduoduo's pricing system has done great harm to China's brands and its industries,”
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
- PDD Holdings Inc. (NASDAQ: PDD) had its price target lowered by analysts at Benchmark Co. from $185.00 to $160.00. They now have a "buy" rating on the stock.MarketBeat
- PDD Holdings Inc. (NASDAQ: PDD) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating.MarketBeat
- China's richest person wants a personal apology from ByteDance's founder for not stopping social media attacks against him [Yahoo! Finance]Yahoo! Finance
- China's richest person wants a personal apology from ByteDance's founder for not stopping social media attacks against him [Fortune]Fortune
- China's richest man blasts tech giants and government inaction in rare rebuke [Yahoo! Finance]Yahoo! Finance
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