GraniteShares 2x Long PDD Daily ETF

New Jersey Public Pension Fund D Acquired PDD Holdings Inc. ADR in Q4

PDD Holdings reports 13% decline in net income, 9.7% rise in revenue for FY2025

China Universal Asset Management Increases Stake in PDD Holdings Inc.

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Shein has accused Temu of large-scale copyright infringement in a legal battle at London's High Court, claiming Temu used thousands of its photos to promote copies of its clothing. Temu counters that Shein is using litigation to hinder competition. The case could impact platform practices and intellectual property enforcement in global e-commerce. Temu has also counter-claimed for damages after removing product listings due to Shein's injunction. Both companies are involved in a broader legal conflict, with implications for their rapid international expansion amid regulatory changes.

- Online fast-fashion platform Shein has accused Temu of large-scale copyright infringement, igniting a trial at London's High Court.  
- The case reflects a broader global legal battle between the two companies, with potential effects on supplier relationships and intellectual property enforcement in e-commerce.  
- Temu argues that Shein’s lawsuit is an attempt to undermine competition, while also pursuing its own claims against Shein regarding competitive practices.

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KraneShares 2x Long PDD Daily ETF

Shein accuses Temu of 'industrial scale' copyright breaches in UK legal battle

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SHEIN and Temu are embroiled in a copyright dispute at London's Business and Property Courts, with SHEIN accusing Temu of allowing third-party sellers to use nearly 2,300 stolen product photos. The trial, presided over by Mrs Justice Bacon, will last two weeks. SHEIN seeks damages and removal of the images, while Temu counters that the lawsuit aims to stifle competition and questions SHEIN's ownership of the images. Temu has also filed a counterclaim for damages due to losses from removed listings.

- SHEIN and PDD Holdings' Temu are involved in a copyright theft case in London, where SHEIN accuses Temu of enabling third-party sellers to use approximately 2,300 stolen product photos from its website.  
- SHEIN demands the removal of these images and compensation, claiming Temu actively facilitated the infringement, while Temu denies these allegations, suggesting they are meant to stifle competition.  
- Temu has shifted its legal strategy by dropping the defense against the photo claims and filing a counterclaim for losses incurred from removing product listings due to SHEIN’s court order.

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SHEIN and Temu Copyright War Just Got Nasty With a High Court Showdown

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Alibaba (BABA) will report its Q4 FY26 earnings on May 13, with the stock down 4% this year due to concerns over AI spending, rising costs, and competition from PDD Holdings and JD.com. The ownership structure shows that 88.44% of Alibaba is owned by public companies and individual investors, while insiders, mutual funds, and other institutional investors hold smaller percentages. This information may influence investor sentiment ahead of the earnings report.

- Alibaba is scheduled to announce its Q4 FY26 results on May 13, with its stock having declined 4% this year amid concerns over AI spending, rising costs, and competition.  
- The ownership structure of Alibaba shows that public companies and individual investors hold 88.44% of the company, while insiders and institutional investors make up the remainder.  
- This ownership distribution offers insight into market confidence and caution regarding Alibaba's stock performance as earnings approach.

JD.com

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Alibaba Will Report Q4 Earnings on May 13 — Here's Who Owns BABA Stock

Temu has been acknowledged in the first-ever edition of the list, following a survey of over 5,000 U.S. parents. The recognition was announced in Boston on May 8, 2026. Temu is honored to be included in USA TODAY's inaugural "Brands Most Trusted by Parents 2026," showcasing the trust and confidence parents have in it.

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USA TODAY

Temu Named One of USA TODAY's "Brands Most Trusted by Parents 2026"

State of New Jersey Common Pension Fund D acquired 40,370 shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) valued at approximately $4.58 million in Q4. Other institutional investors have also increased their stakes in PDD. Analysts have mixed ratings on the stock, with a consensus rating of "Hold" and a target price of $139.67. PDD operates a mobile-first e-commerce platform in China and has a market cap of $136.14 billion. The stock has seen a 25% decline recently, with a current price of $97.79.

- The New Jersey Common Pension Fund D has acquired 40,370 shares of PDD Holdings Inc., valued at approximately $4,578,000.  
- Other investors, such as GAMMA Investing LLC and Binnacle Investments Inc., significantly increased their stakes in PDD, reflecting growing institutional interest.  
- Analysts have varied opinions on PDD, with an average rating of "Hold" and a consensus price target of $139.67, indicating mixed sentiments in the market.

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40,370 Shares in PDD Holdings Inc. Sponsored ADR $PDD Bought by State of New Jersey Common Pension Fund D

PDD Holdings (PDD) is currently priced at US$97.29, reflecting a 2.8% decline over the past week and a 15.9% decline year-to-date. Despite this, it shows a 53.2% return over three years. Valuation analyses suggest the stock is undervalued, with a Discounted Cash Flow model indicating a potential intrinsic value of US$179.09 per share, a 45.7% discount from its current price. Additionally, its P/E ratio of 9.50x is significantly below industry averages, further supporting the undervaluation claim. Investors are encouraged to consider PDD Holdings as a potential opportunity amidst market fluctuations.

- PDD Holdings, currently priced at US$97.29, has experienced a year-to-date decline of 15.9%, while showing a three-year return of 53.2%.  
- Analysis indicates that the stock is undervalued by approximately 45.7% based on Discounted Cash Flow, and a P/E ratio of 9.50x is significantly lower than industry averages.  
- Various valuation approaches suggest potential fair values ranging from US$111 to US$184 per share, inviting investors to consider their expectations versus current pricing.

Simplywall

Is PDD Holdings (PDD) Offering Opportunity After Recent Share Price Weakness?

Citi has adjusted its target price for PDD Holdings Inc. to USD 142 while maintaining a Buy/High Risk rating. The bank expects PDD to announce its 1Q26 results by the end of May, keeping revenue forecasts unchanged but revising operating expenses and earnings forecasts due to regulatory fines. PDD is anticipated to focus on supply chain investments and compliance amid a competitive and regulatory environment.

- Citi reports that PDD Holdings Inc. is expected to announce its 1Q26 results by the end of May, maintaining revenue forecasts but adjusting operating expense and earnings forecasts due to regulatory fines.  
- The bank anticipates that PDD will reaffirm its commitment to investing in supply chain and rural logistics while enhancing compliance for Temu, emphasizing a cautious outlook due to competition and regulatory pressures.  
- Following these revisions, Citi lowered its target price for PDD to USD 142, while keeping a Buy/High Risk rating.

AASTOCKS News

Citi Cuts PDD Holdings Inc.  TP to USD142, Adjusts Operating Expense and Earnings Forecasts

China Universal Asset Management Co. Ltd. increased its stake in PDD Holdings Inc. by 41.2% in Q4, acquiring an additional 11,695 shares, bringing its total to 40,052 shares valued at $4.54 million. Other institutional investors also adjusted their holdings, with significant increases from Assenagon Asset Management and SG Americas Securities. Analysts have mixed ratings on PDD, with a consensus rating of "Hold" and a target price of $139.67. PDD's stock opened at $97.77, with a market cap of $136.11 billion and a P/E ratio of 10.40.

- China Universal Asset Management Co. Ltd. increased its stake in PDD Holdings Inc. by 41.2% in Q4, owning 40,052 shares valued at approximately $4.54 million.  
- Other institutional investors also adjusted their stakes in PDD, with Assenagon Asset Management lifting holdings by 305.8% in Q4.  
- Analyst ratings show a consensus "Hold" with a target price of $139.67, as PDD stock opened at $97.77, down 25% from its high of $139.41.

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China Universal Asset Management Co. Ltd. Buys 11,695 Shares of PDD Holdings Inc. Sponsored ADR $PDD

PDD Holdings Inc (PDD) experienced a 4.06% decline in stock price, underperforming the Software & IT Services sector, which rose by 0.40%. Key factors for the drop include increased regulatory scrutiny from Chinese authorities, resulting in significant penalties related to e-commerce practices. Additionally, ongoing legal challenges and a recent insider sale have heightened investor concerns. Despite some analysts expressing short-term optimism, the market is currently focused on the financial implications of regulatory actions, leading to a reassessment of PDD's risk profile. Technical indicators suggest a neutral market condition for PDD.

- PDD Holdings Inc (PDD) shares dropped by 4.06% amidst a broader Software & IT Services sector rise of 0.40%.  
- The decline in PDD's stock is largely due to increased regulatory scrutiny and significant fines imposed by Chinese authorities, compounded by ongoing legal challenges surrounding its international platform Temu.  
- Despite some analysts suggesting a potential recovery, current market sentiment reflects investor caution over PDD's operational risks and financial performance amid a tightening regulatory environment.

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PDD Holdings Inc Stock (PDD) Moved Down by 4.06% on Apr 21: Facts Behind the Movement

PDD (Pinduoduo) demonstrated significant vitality in yesterday's trading, briefly breaking through multiple important resistance levels, becoming the focus of market investors' discussions. In terms of trading volume, Pinduoduo's total volume for the day significantly increased compared to the previous trading day, indicating a more positive capital flow. Market news suggests that Pinduoduo's penetration rate in the domestic market has rapidly increased recently, with user activity steadily rising, providing strong support for the company's fundamentals. This news undoubtedly provides the underlying momentum for Pinduoduo's strong stock performance. The company's new quarterly financial report is about to be disclosed, and the market generally holds an optimistic view of its profitability and business growth potential. At the same time, Pinduoduo's expansion in international markets and the development of new businesses also lay the groundwork for further appreciation in the future. From a technical perspective, Pinduoduo's daily chart has broken through the upper boundary of the previous consolidation range, and the MACD indicator has formed a clear buy signal. Key moving averages are showing a bullish arrangement, especially with the stock price stabilizing above the 20-day moving average, creating a technical foundation for subsequent upward trends. Although some analysts point out that Pinduoduo may face adjustment pressure in the short term, as long as key support levels remain solid, it is still expected to continue climbing, potentially challenging historical highs. Considering market sentiment and the positive performance of capital inflows, this upward trend has certain continuity. However, investors need to closely monitor the important support levels at the 20-day or 30-day moving averages. We must also be aware of potential retracement risks. Currently, Pinduoduo's stock price is close to historical highs, and overbought conditions should be approached with caution

- Pinduoduo (PDD) showed significant momentum in trading, breaking through multiple resistance levels and drawing investor attention.  
- The company has seen rapid user growth and increased market penetration locally, supporting its strong fundamentals ahead of its upcoming earnings report, which analysts view positively in terms of profitability and growth potential.  
- While Pinduoduo's recent price movements have created a bullish technical outlook, investors should remain cautious of potential risks, including fluctuations in exchange rates and trade tensions, and adjust strategies accordingly.

Technical Forecast

Morning Trend | PDD Breaks Out with Increased Volume, Is the Main Uptrend Coming?

GraniteShares 2x Long PDD Daily ETF(PDDL.US)

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40,370 Shares in PDD Holdings Inc. Sponsored ADR $PDD Bought by State of New Jersey Common Pension Fund D