Tag: $PDD Holdings Inc.

The U.S.-listed shares of PDD Holdings Inc.  powered up 12.7% toward a five-month high in premarket trading Tuesday, after the China-based mobile marketplace company reported second-quarter results that beat expectations by a wide margin, as a “positive shift” in consumer sentiment led to a rise in demand.

PDD Holdings Inc beat analysts’ estimates for first-quarter revenue on Friday as more price conscious customers turned to its discount e-commerce platforms including Pinduoduo.