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Citigroup has raised its price target on PDD Holdings Inc. to $150 from $125 while maintaining a neutral rating. PDD Holdings operates a mobile e-commerce platform in China, generating 84.9% of its revenue from online marketing services and 15.1% from transaction fees, with 14.2 million active merchants by the end of 2023.
Emerging markets stocks, representing companies in developing economies like China and India, offer significant growth potential but come with heightened political and regulatory risks. Key players include Alibaba, Tencent, and Samsung, each facing unique challenges such as competition and regulatory scrutiny. Investors can diversify their portfolios through emerging market-focused ETFs, like the iShares MSCI Emerging Markets ETF, which includes major holdings like Taiwan Semiconductor Manufacturing and Reliance Industries.
U.S.-listed Chinese tech stocks rebounded after significant losses, with Alibaba rising 4% following a 10% drop. Despite concerns over U.S. investment restrictions and a potential crackdown on chip exports to China, UBS maintains an "attractive" outlook for the sector, citing improving fundamentals and AI innovation. Other companies like JD.com and Bilibili also saw gains, while ETFs tracking Chinese stocks performed positively amid ongoing U.S.-China tensions.
U.S.-listed Chinese tech stocks rebounded after significant losses, with Alibaba rising 4% following a steep decline. Despite concerns over U.S. investment curbs and potential chip export restrictions, UBS maintains an "attractive" outlook on China's internet sector, citing improving fundamentals and AI innovation. Other notable gains included JD.com, PDD Holdings, and Bilibili, while ETFs tracking Chinese tech also saw positive movement.
Palantir Technologies emerged as the top-performing AI stock in 2024, soaring 350%, but investors are advised to consider the Invesco QQQ Trust for broader exposure to leading tech stocks. With a strong historical performance and a focus on influential AI companies, QQQ is positioned for continued growth in 2025 and beyond.
Chinese stocks listed in the US experienced a significant rally, with the Nasdaq Golden Dragon China Index surging nearly 10%, marking its strongest intraday gain since late September. Major technology firms, including Alibaba Group and PDD Holdings, saw their shares rise over 7% amid Beijing's commitment to monetary easing and boosting domestic consumption.
PDD Holdings Inc. reported a significant 85.7% increase in quarterly revenue, achieving $23.24 EPS, surpassing estimates. Analysts predict an EPS of 10.24 for the current fiscal year, with a "Moderate Buy" rating and an average target price of $173.40. Institutional investors hold 29.07% of the company's stock, reflecting growing interest.
PDD Holdings Inc. reported a significant drop in sales, with revenue of 99.4 billion yuan ($13.7 billion) for the September quarter, falling short of the 102.8 billion yuan estimate. Net income also missed projections at 25 billion yuan, compared to the expected 26.6 billion yuan. Following the announcement, PDD's shares plummeted by as much as 16% in pre-market US trading.
The European Union is set to investigate Temu, operated by Chinese-owned PDD Holdings Inc., over allegations of inadequate measures against the sale of illegal products on its platform. This formal inquiry could result in significant fines if the company is found to be violating regulations concerning illicit online activities.
PDD Holdings Inc.
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