PDD Holdings: Riding The China Stimulus Bazooka (Rating Downgrade)

Pinduoduo and Temu app icon. Robert Way Last week, PDD Holdings rallied an impressive 34% as the People's Bank of China (PBOC) unleashed a wave of stimulus measures designed to prop up China’s slowing economy. The measures included rate Analyst’s Disclosure: I/we have a beneficial long position in the shares of PDD, BABA, PSTVY either through stock ownership, options, or other derivatives.

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