From Nasdaq:

Shares of PDD Holdings (NASDAQ: PDD) surged as the Chinese e-commerce giant reported impressive growth in revenue and operating profit in its fourth-quarter earnings, with revenue up 123% to $12.5 billion and adjusted earnings per share at $2.40, beating expectations.

PDD’s strong performance stands out against struggling rivals like Alibaba and JD.com, as it continues to gain market share in China with its discounting and social commerce model. Pinduoduo is also seeing success abroad with Temu challenging competitors like Shein, making it a top pick in the Chinese tech sector.



Read more at Nasdaq: Why PDD Holdings Stock Was Climbing Today