Pinduoduo
2025.05.29
16:03
Most of the popular Chinese stocks rose before the market opened, with JD.com rising more than 6%
Most of the popular Chinese stocks rose before the market opened, with JD.com up more than 6%, WeRide up more than 5%, Baidu up nearly 4%, and Pinduoduo and Pony.ai up more than 3%.
2025.05.27
20:15
Pinduoduo's Zhao Jiazhen: The 100 billion plan is the key strategy for the next period of time, and the company is fully committed to it.
In the earnings call tonight, Pinduoduo Group Executive Director and Co-CEO Zhao Jiazhen said when talking about the "100 billion support" plan, the 100 billion plan will further increase the resource investment in new quality supply, and the scope of support for new quality merchants will also be expanded from the top and waist to small and medium-sized merchants. On the one hand, the platform will continue to explore more commission reduction measures, continue to reduce costs and burdens for merchants, and create more cost space, operating space and innovation space; on the other hand, the platform's traffic engine, black label stores and other resources will also be tilted towards small and medium-sized merchants in all directions, maximizing the potential of small and medium-sized merchants and promoting the overall upgrade of the industrial belt to a larger scale and higher quality. Zhao Jiazhen also said that the 100 billion plan is Pinduoduo's key strategy for some time to come, requiring the company to make every effort and fully invest in this new strategy, focusing on small and medium-sized merchants, and daring to tackle the hard bones of high-quality development.
20:12
Pinduoduo's pre-market decline in US stocks widened to 20%
Pinduoduo's US stock pre-market decline widened to 20%. The first quarter results announced earlier were lower than expected.
20:12
Pinduoduo (PDD.O)'s pre-market decline in U.S. stocks widened to 20%.
19:41
Pinduoduo (PDD.O) executives: Changes in the external policy environment, such as tariffs, have brought tremendous pressure to merchants.
18:44
Pinduoduo (PDD.O)'s pre-market losses widened to nearly 16%.
18:43
Pinduoduo's pre-market decline in US stocks widened to 15%
Pinduoduo's pre-market decline in U.S. stocks widened to 15%, after its previously announced first-quarter results fell short of market expectations.
18:35
Pinduoduo (PDD.O) fell more than 10% in pre-market trading in the U.S.
18:32
Pinduoduo's revenue in Q1 2025 is 95.67 billion yuan
Pinduoduo's revenue in Q1 2025 was 95.67 billion yuan, compared with 86.81 billion yuan in the same period last year. After the results were announced, Pinduoduo's pre-market share price fell by more than 10%.
18:31
Pinduoduo (PDD.O) had revenue of 95.67 billion yuan in the first quarter of 2025, compared with 86.81 billion yuan in the same period last year.
2025.05.21
18:20
The person in charge of the National Bureau of Statistics hosted a symposium on the planning of the construction of Digital China during the 15th Five-Year Plan period
On May 20, Shen Zhulin, member of the Party Leadership Group and Deputy Director of the National Data Administration, hosted a symposium on the "15th Five-Year Plan" Digital China Construction Plan in Shanghai, and listened to the opinions and suggestions of experts and corporate representatives from Shanghai Artificial Intelligence Laboratory, Shanghai Jiaotong University, Shanghai Data Group, Eastmoney, Pinduoduo, etc. on the development of digital intelligence technology, enterprise digital transformation, data factor market construction, platform economy, cross-border data flow and data security, data infrastructure construction and operation, digital culture, smart cities, etc. At the same time, the National Data Administration will further strengthen communication and exchanges with enterprises, better coordinate data development and security, actively respond to the actual concerns of enterprises, and create a better policy environment for corporate innovation and development.
09:45
Goldman Sachs: Hedge funds cut their positions in the seven largest U.S. technology companies in the first quarter and increased their holdings of Chinese stocks
Hedge funds cut their exposure to the "Big Seven" U.S. stocks in the first quarter while increasing their holdings of Chinese stocks, according to Goldman Sachs strategists. Despite the rise in trade tensions at the end of the quarter, hedge funds gradually increased their exposure to Chinese ADRs while reducing their net exposure to most of the "Big Seven" companies, according to a team led by Ben Snider. The most popular Chinese stocks held by U.S. hedge funds include Alibaba, Pinduoduo, Baidu and JD.com, the strategists wrote in a report on May 20.
2025.05.17
08:06
Asset management giants' global re-allocation and increasing Chinese assets have become an important option
Asset management giants are reconfiguring global assets, and Chinese assets have become an important option for increasing positions. In the early morning of May 15th, Beijing time, the world's top hedge fund Bridgewater and the 100 billion-level private equity Jinglin disclosed their holdings as of the end of the first quarter of this year. Data shows that in the first quarter of this year, the two institutions bought Alibaba in a big way. Bridgewater also increased its holdings of Chinese concept stocks such as Baidu and Pinduoduo, while Jinglin Asset increased its holdings of Beike and TSMC. Industry insiders said that with the improvement of market sentiment, the global competitiveness of Chinese companies has continued to increase, and the Chinese economy has gradually recovered. The "alpha" opportunities of Chinese assets will further demonstrate their cost-effectiveness worldwide. Data shows that as of May 15, a total of 333 foreign institutions have surveyed A-share companies. Among them, companies in the fields of industrial machinery, electronic components, integrated circuits, and health care equipment are highly favored.
2025.05.16
05:05
Hillhouse Capital's HHLR increased its Chinese assets in the first quarter and newly increased its holdings of multiple Chinese concept stocks
HHLR Advisors, an independent fund management platform under Hillhouse Capital that focuses on secondary market investment, announced its U.S. stock holdings as of the end of the first quarter of 2025. The 13F document shows that the total market value of HHLR's holdings in the first quarter increased from US$2.887 billion at the end of the previous quarter to US$3.539 billion, an increase of nearly 23%. Data shows that in the first quarter, HHLR continued to increase its allocation of Chinese assets, and newly entered and increased its holdings of nearly 20 Chinese concept stocks, including 10 companies such as Atour Group, Huazhu Group, Baidu, Yuchai International, Ideal Auto, Boss Direct Recruitment, and Ecarx Technology, as well as 8 companies such as Futu Holdings, Pinduoduo, NetEase, Beike, JD.com, Ctrip, and ZTO Express. As of the end of the first quarter of 2025, HHLR's top ten holdings were: Pinduoduo, Alibaba, Futu Holdings, BeiGene, NetEase, Beike, Legend Biotech, JD.com, Vipshop, and WNS HLDGS LTD, with Chinese concept stocks accounting for 9 seats. HHLR reduced its holdings in companies such as Alibaba and BeiGene in the first quarter.
2025.05.14
18:58
The State Administration for Market Regulation held a symposium on platform companies supporting the development of individual businesses
Bai Qingyuan, deputy director of the State Administration for Market Regulation, presided over a symposium on platform enterprises supporting the development of individual industrial and commercial households. He had in-depth exchanges with representatives of individual industrial and commercial households, platform enterprises, financial institutions, etc., understood the difficulties in the development of individual industrial and commercial households, and put forward opinions and suggestions on platform enterprises supporting the development of individual industrial and commercial households. The meeting pointed out that individual industrial and commercial households are an important part of the private economy. Promoting the development of individual industrial and commercial households is an important measure to promote the development and growth of the private economy, and is an important link in implementing the requirements of the Party Central Committee to "focus on stabilizing employment, stabilizing enterprises, stabilizing the market, and stabilizing expectations." At present, the foundation for my country's continued economic recovery needs to be further consolidated, and individual industrial and commercial households are still facing pressure and challenges in their survival and development. Platform enterprises are also an important part of the private economy. They can provide broad space for the development of individual industrial and commercial households, and can help and support the development of individual industrial and commercial households in various aspects such as digital empowerment, traffic support, and market expansion. Platform enterprises are encouraged to launch more pragmatic measures to support the development of individual industrial and commercial households based on their own characteristics. At the meeting, representatives of individual industrial and commercial households from Beijing, Shanghai, Zhejiang, Sichuan and other places, China (Yiwu) Individual Economic Development Research Center, and representatives of enterprises (institutions) such as Xiaohongshu, Alipay, Douyin, Pinduoduo, and Bank of China made exchanges and speeches. The meeting reported on the construction and operation of the "National Individual Business Owner Development Network".
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