Pinduoduo - Asia Tech Wire

Pinduoduo

2025.03.06

17:09

U.S. technology stocks fell before the market opened, while leading Chinese stocks rose against the market trend

U.S. tech leaders fell before the market opened, semiconductors weakened, Marvell Technology fell nearly 15%, Broadcom fell 3%; the seven giants were under pressure, Nvidia, Tesla, Amazon, and Facebook fell more than 1%. Chinese leaders rose against the market, JD.com rose nearly 5%, and many stocks such as Alibaba and Pinduoduo rose.

17:03

Before the U.S. stock market opened, most of the star technology stocks fell, with Nvidia (NVDA.O) and Tesla (TSLA.O) falling more than 1%. Popular Chinese stocks rose across the board, with JD.com (JD.O) rising more than 3%, Alibaba (BABA.N) and Pinduoduo (PDD.O) rising more than 2%.

2025.03.05

17:02

Most of the popular Chinese stocks in the US market rose before the market opened, with Pinduoduo rising by more than 3%

2025.03.03

22:32

At the opening of the US stock market, the Dow Jones Industrial Average rose 0.14%, the S&P 500 rose 0.29%, and the Nasdaq rose 0.36%. Popular Chinese stocks rose and fell. Li Auto (LI.O) fell 7%, Xpeng Motors (XPEV.N) fell nearly 4%, Pinduoduo (PDD.O) rose 0.42%, and Alibaba (BABA.N) rose 1%. Intel (INTC.O) rose 3.6%, according to reports that Nvidia and Broadcom are conducting chip production tests with it. Tesla (TSLA.O) rose 2.4%, and Morgan Stanley re-listed it as the "preferred stock" in the US auto sector.

2025.02.28

17:15

Leading Chinese companies in the U.S. weakened before the market opened, with Xpeng Motors (XPEV.N) down nearly 8%, Li Auto (LI.O) down 7%, Alibaba (BABA.N) down nearly 4%, Pinduoduo (PDD.O) and JD.com (JD.O) down more than 3%.

17:15

Popular Chinese stocks weakened before the US market opened

2025.02.25

17:05

Popular Chinese stocks rose before the market opened, with Alibaba rising more than 3%

Before the U.S. stock market opened, popular Chinese stocks generally rose, with Alibaba up more than 3%, Li Auto up more than 14%, and JD.com and Pinduoduo both up more than 1%.

17:04

Before the U.S. stock market opened, popular Chinese stocks generally rose, with Alibaba (BABA.N) rising more than 3%, Li Auto (LI.O) rising more than 14%, JD.com (JD.O) and Pinduoduo (PDD.O) both rising more than 1%.

2025.02.24

20:35

Pinduoduo has formed several large model teams to conduct internal horse racing PK

Pinduoduo has formed an e-commerce recommendation big model team, and the person in charge was previously a core member of Baidu Phoenix Nest. According to sources, this person had an annual salary of tens of millions when he was at Baidu, and this time Pinduoduo was very sincere, and his annual package was several times that of Baidu. Another source said that Pinduoduo recruited a group of people from Baidu last year to work on big model-related projects. At present, Pinduoduo's big model products are divided into several applications: price comparison system, recommendation, advertising, search, customer service, etc., and these application areas have been continuously invested in. It is understood that the big model team of each group will compete with each other, and the income will be based on the results of direct PK of several groups.

2025.02.22

06:11

The Nasdaq China Golden Dragon Index closed up 1.65%, recording its sixth consecutive weekly gain

2025.02.21

17:02

Most of the popular Chinese stocks rose before the US market opened

2025.02.20

17:01

Most of the popular Chinese stocks fell before the US market opened

2025.02.18

17:02

Some Chinese stocks strengthened before the US stock market opened

Some Chinese stocks strengthened before the U.S. market opened, with Xpeng Motors rising more than 5%, Alibaba rising more than 3%, and Pinduoduo and Li Auto rising more than 2%.

2025.02.15

21:14

New trends of asset management giants gradually stop profit-taking in US stock technology giants

As of February 15, Beijing time, most of the U.S. stock holdings data of major investment institutions as of the end of the fourth quarter of 2024 disclosed on the website of the U.S. Securities and Exchange Commission (SEC) have been released. In general, in the fourth quarter of 2024, U.S. technology stocks are still the core configuration of large funds, but institutional position adjustments are obviously differentiated, and high-level profit-taking phenomena are frequent; hedge funds that are good at "bottom-fishing" have bought Chinese stocks in large quantities; and many institutions have increased the allocation of consumer and cyclical stocks. In terms of individual stocks, in the fourth quarter of 2024, Buffett did not continue to sell Apple shares, and Himalaya Capital kept all its positions unchanged and did not continue to sell Apple; at the same time, Buffett's only new stock to open a position was Constellation Brands, a high-end wine company. He increased his holdings in consumer and cyclical stocks such as Domino's Pizza and Occidental Petroleum; among Chinese stocks, institutions seem to be more enthusiastic about increasing their holdings in Alibaba than Pinduoduo, which is a reversal compared with the institutional position adjustments in the previous few months.

05:44

HHLR Advisors, a subsidiary of Hillhouse Capital, disclosed that 8 of the top 10 US stock holdings in the fourth quarter were Chinese stocks

HHLR Advisors, an independent fund management platform under Hillhouse Capital that focuses on secondary market investment, announced its U.S. stock holdings data as of the end of the fourth quarter of 2024. The data shows that among the top ten holdings of HHLR Advisors in the fourth quarter, Chinese stocks accounted for eight seats. BeiGene and Alibaba are still the top two holdings, in addition to Pinduoduo, NetEase, Beike, Vipshop, Legend Biotech and Futu Holdings. The holdings show HHLR Advisors' continued focus on Chinese assets. Among the four stocks newly purchased by HHLR Advisors in the fourth quarter, two are Chinese stocks, namely Agora and Zhiwen Group (Momo). In the fourth quarter, HHLR Advisors increased its holdings of 10 stocks, of which four were Chinese stocks, namely JD.com, Beike, Futu Holdings and Dada Group.

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