From Yahoo Finance: 2025-05-28 04:43:00

PDD Holdings Inc. (PDD) saw a 13.64% drop in its stock price to $102.98 following disappointing first-quarter earnings impacted by the global trade war. Net income fell by 47% to 14.74 billion yuan, while revenue increased by 10% to 95.67 billion yuan compared to the same period last year. The company’s VP for Finance attributed the slowdown to scaling challenges and external environment changes. Despite potential, PDD ranks as the worst-performing stock, with other AI stocks seen as offering better returns and less downside risk. PDD operates the e-commerce platform Temu.



Read more at Yahoo Finance: Why PDD Holdings Inc. (PDD) Went Down On Tuesday