Shares of Temu parent company PDD plunge almost 29%; ‘too large a correction’, says
Article Analysis: Highlights: 1. Shaun Rein, founder of the China Market Research Group, believes the 30% drop in shares of Chinese online retailer PDD Holdings is an overreaction and presents a good buying opportunity for investors. 2. PDD Holdings reported second-quarter revenue of 97.06 billion yuan, which fell short of Wall Street expectations. However, operating […]
