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PDD News5 articles
Alibaba Shares Tumble 5.4% After Beijing Questions 618 Subsidy Claims
Alibaba's Hong Kong shares plunged 5.4% after Beijing regulators questioned Taobao and Tmall's 618 festival subsidy claims, intensifying regulatory risk and margin worries.
PDD Holdings Tumbles on Q1 Earnings Miss, Costs Surge
PDD Holdings shares plunged 10.5% after first-quarter revenue and profit fell short of Wall Street forecasts, as rising costs and intense competition pressured the Temu and Pinduoduo parent.
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.