Rein was of the view that "panic was overblown last night," and that this would be a good opportunity for investors to buy into the stock.
PDD reported operating profit of 32.56 billion yuan, surging 156% from a year ago, while attributable income jumped 144% year on year to 32.01 billion yuan. Lei Chen, chairman and co-CEO of PDD, wrote in the earnings release that "While encouraged by the solid progress we made in the past few quarters, we see many challenges ahead."
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مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »
Shares of Temu parent company PDD plunges almost 29%; ‘too large a correction', says analystThe slump comes after the company failed to meet expectations in its second quarter results.
مصدر: NBCNewYork - 🏆 270. / 63 اقرأ أكثر »
China's PDD suffers $40 billion market cap wipeout after flagging an uncertain marketChina's PDD suffers $40 billion market cap wipeout after flagging an uncertain market
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »
Stocks making the biggest moves midday: PDD Holdings, Icahn Enterprises, SolarEdge and moreSeveral stocks saw large declines on Monday even as the Dow hit a record high.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »