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PDD News3 articles
China Shuts Down Unauthorized Cross-Border Stock Trading Platforms
China's securities regulator has ordered Tiger Brokers, Futu Securities, and Longbridge Securities to wind down unauthorized cross-border trading for mainland clients, citing illegal operations. Shares of Futu and UP Fintech plunged over 30% in U.S. premarket trading.
JD.com Surges on Retail Margin Strength, Food-Delivery Losses Narrow
JD.com shares jumped 8.3% in Hong Kong as Q1 revenue and adjusted profit topped expectations, with retail margin expansion and reduced food-delivery losses offsetting a 53% net income drop.
Soybeans Recover Midday; Infinity, PDD Show Deep Undervaluation
Soybean futures recovered from early losses Friday. Separate analyses suggest Infinity Natural Resources and PDD Holdings are significantly undervalued. Baytex Energy reported a major 2025 loss.