PDD Holdings Inc. (NASDAQ:PDD) has fallen over 15.5% in the past month. Analyst Shawn Yang downgraded the stock from Buy to Hold on December 9. Temu, PDD’s e-commerce platform, faces scrutiny from European regulators for potential Chinese state subsidies. Regulators are concerned about unfair advantages given to Chinese e-commerce platforms like Temu and Shein. Last year, Temu was investigated under the Digital Services Act for not doing enough to prevent illegal product sales. The European Commission has the authority to impose a 10% fine on Temu for disrupting competition in the European market.

Read more at Yahoo Finance: PDD Holdings Inc. (PDD) Down 15.5% in a Month, Here’s What You Need to Know