PDD Holdings stock has rebounded but Temu risks remain
PDD Holdings’ (PDD) stock price has staged a strong comeback in the past few weeks as investors embraced a risk-on sentiment. It has risen in the last five consecutive days, paring back the losses made in August after it published relatively weak financial results.
Why PDD Holdings Stock Was Climbing Today
Despite the weak economy, PDD has been delivering strong growth, showing that its social commerce model enables it to continue taking market share from competitors like JD.com and Alibaba Group, but the stock plunged on its recent earnings report after it indicated that sales growth was slowing.
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