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   <title>Form  4          PDD Holdings Inc.         For: Jul 01  Filed by: Zhao Jiazhen</title>
   <link>http://www.streetinsider.com/SEC+Filings/Form++4++++++++++PDD+Holdings+Inc.+++++++++For%3A+Jul+01++Filed+by%3A+Zhao+Jiazhen/26730238.html</link>
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   <pubDate>Thu, 02 Jul 2026 20:45:00 -0400</pubDate>
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   <title>Form  4          PDD Holdings Inc.         For: Jul 01  Filed by: Zhao Jiazhen</title>
   <link>http://www.streetinsider.com/SEC+Filings/Form++4++++++++++PDD+Holdings+Inc.+++++++++For%3A+Jul+01++Filed+by%3A+Zhao+Jiazhen/26730238.html</link>
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   <title>Form  4          PDD Holdings Inc.         For: Jul 01  Filed by: Zhao Jiazhen</title>
   <link>http://www.streetinsider.com/SEC+Filings/Form++4++++++++++PDD+Holdings+Inc.+++++++++For%3A+Jul+01++Filed+by%3A+Zhao+Jiazhen/26730238.html</link>
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   <pubDate>Thu, 02 Jul 2026 20:45:00 -0400</pubDate>
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   <title>Form  4          PDD Holdings Inc.         For: Jul 01  Filed by: Wang Mi</title>
   <link>http://www.streetinsider.com/SEC+Filings/Form++4++++++++++PDD+Holdings+Inc.+++++++++For%3A+Jul+01++Filed+by%3A+Wang+Mi/26730236.html</link>
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   <pubDate>Thu, 02 Jul 2026 20:44:00 -0400</pubDate>
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   <title>Form  4          PDD Holdings Inc.         For: Jul 01  Filed by: Wang Mi</title>
   <link>http://www.streetinsider.com/SEC+Filings/Form++4++++++++++PDD+Holdings+Inc.+++++++++For%3A+Jul+01++Filed+by%3A+Wang+Mi/26730236.html</link>
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   <title>Form  4          PDD Holdings Inc.         For: Jul 01  Filed by: Wang Mi</title>
   <link>http://www.streetinsider.com/SEC+Filings/Form++4++++++++++PDD+Holdings+Inc.+++++++++For%3A+Jul+01++Filed+by%3A+Wang+Mi/26730236.html</link>
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   <pubDate>Thu, 02 Jul 2026 20:44:00 -0400</pubDate>
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   <title>Daiwa Securities Downgrades Pinduoduo Inc. (PDD) to Hold</title>
   <link>http://www.streetinsider.com/Downgrades/Daiwa+Securities+Downgrades+Pinduoduo+Inc.+%28PDD%29+to+Hold/26677926.html</link>
   <description>(Updated - June 23, 2026 11:13 AM EDT)

&lt;p&gt;Daiwa Securities analyst John Choi downgraded Pinduoduo Inc. (NASDAQ: PDD) from Buy to Hold.&lt;/p&gt;&lt;p&gt;For an analyst ratings summary and ratings history on Pinduoduo Inc. &lt;a href=&quot;http://www.streetinsider.com/rating_history.php?q=PDD&quot;&gt;click here&lt;/a&gt;. For more ratings news on Pinduoduo Inc. &lt;a href=&quot;http://www.streetinsider.com/stock_lookup_news.php?q=PDD&amp;amp;type=analyst&quot;&gt;click here&lt;/a&gt;.&lt;/p&gt;&lt;p&gt;Shares of Pinduoduo Inc. closed at $78.11 yesterday.&lt;/p&gt;</description>
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   <pubDate>Tue, 23 Jun 2026 11:13:46 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">PDD</category>
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   <title>BNP Paribas Exane Starts Pinduoduo Inc. (PDD) at Underperform</title>
   <link>http://www.streetinsider.com/New+Coverage/BNP+Paribas+Exane+Starts+Pinduoduo+Inc.+%28PDD%29+at+Underperform/26647725.html</link>
   <description>&lt;p&gt;BNP Paribas Exane analyst Colin Liu initiates coverage on Pinduoduo Inc. (NASDAQ: PDD) with a Underperform rating and a price target of $89.00.&lt;/p&gt;&lt;p&gt;For an analyst ratings summary and ratings history on Pinduoduo Inc. &lt;a href=&quot;http://www.streetinsider.com/rating_history.php?q=PDD&quot;&gt;click here&lt;/a&gt;. For more ratings news on Pinduoduo Inc. &lt;a href=&quot;http://www.streetinsider.com/stock_lookup_news.php?q=PDD&amp;amp;type=analyst&quot;&gt;click here&lt;/a&gt;.&lt;/p&gt;&lt;p&gt;Shares of Pinduoduo Inc. closed at $81.56 yesterday.&lt;/p&gt;</description>
   <guid isPermaLink="true">http://www.streetinsider.com/New+Coverage/BNP+Paribas+Exane+Starts+Pinduoduo+Inc.+%28PDD%29+at+Underperform/26647725.html</guid>
   <pubDate>Mon, 15 Jun 2026 16:23:27 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">PDD</category>
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  <item>
   <title>BNP Paribas Exane Starts Pinduoduo Inc. (PDD) at Underperform</title>
   <link>http://www.streetinsider.com/Hot+New+Coverage/BNP+Paribas+Exane+Starts+Pinduoduo+Inc.+%28PDD%29+at+Underperform/26647725.html</link>
   <description>&lt;p&gt;BNP Paribas Exane analyst Colin Liu initiates coverage on Pinduoduo Inc. (NASDAQ: PDD) with a Underperform rating and a price target of $89.00.&lt;/p&gt;&lt;p&gt;For an analyst ratings summary and ratings history on Pinduoduo Inc. &lt;a href=&quot;http://www.streetinsider.com/rating_history.php?q=PDD&quot;&gt;click here&lt;/a&gt;. For more ratings news on Pinduoduo Inc. &lt;a href=&quot;http://www.streetinsider.com/stock_lookup_news.php?q=PDD&amp;amp;type=analyst&quot;&gt;click here&lt;/a&gt;.&lt;/p&gt;&lt;p&gt;Shares of Pinduoduo Inc. closed at $81.56 yesterday.&lt;/p&gt;</description>
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   <pubDate>Mon, 15 Jun 2026 16:23:27 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">PDD</category>
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   <title>Pinduoduo Inc. (PDD) PT Lowered to $127 at Benchmark</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Pinduoduo+Inc.+%28PDD%29+PT+Lowered+to+%24127+at+Benchmark/26561954.html</link>
   <description>(Updated - May 28, 2026 10:06 AM EDT)

&lt;p&gt;Benchmark analyst Fawne Jiang lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $127.00 (from $160.00) while maintaining a Buy rating.&lt;/p&gt;&lt;p&gt;The analyst commented, &quot;PDD reported disappointing 1Q26 results, underperforming on both the topline and bottom-line, reflecting weaker domestic monetization trends and continued pressure from elevated ecosystem, compliance, and supply chain investments. We continue to view PDD as a high-quality platform with solid long-term growth potential, and believe management is directionally making the right strategic moves through supply chain reform, merchant empowerment, logistics upgrades, and brand-building initiatives. However, monetization appears to be taking</description>
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   <pubDate>Thu, 28 May 2026 10:06:13 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">PDD</category>
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   <title>Pinduoduo Inc. (PDD) PT Lowered to $127 at Benchmark</title>
   <link>http://www.streetinsider.com/Analyst+Comments/Pinduoduo+Inc.+%28PDD%29+PT+Lowered+to+%24127+at+Benchmark/26561954.html</link>
   <description>(Updated - May 28, 2026 10:06 AM EDT)

&lt;p&gt;Benchmark analyst Fawne Jiang lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $127.00 (from $160.00) while maintaining a Buy rating.&lt;/p&gt;&lt;p&gt;The analyst commented, &quot;PDD reported disappointing 1Q26 results, underperforming on both the topline and bottom-line, reflecting weaker domestic monetization trends and continued pressure from elevated ecosystem, compliance, and supply chain investments. We continue to view PDD as a high-quality platform with solid long-term growth potential, and believe management is directionally making the right strategic moves through supply chain reform, merchant empowerment, logistics upgrades, and brand-building initiatives. However, monetization appears to be taking</description>
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   <pubDate>Thu, 28 May 2026 10:06:13 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">PDD</category>
   	  </item>
  <item>
   <title>Pinduoduo Inc. (PDD) PT Lowered to $160 at Freedom Broker</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Pinduoduo+Inc.+%28PDD%29+PT+Lowered+to+%24160+at+Freedom+Broker/26562720.html</link>
   <description>&lt;p&gt;Freedom Broker analyst Roman Lukianchikov lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $160.00 (from $170.00) while maintaining a Buy rating.&lt;/p&gt;&lt;p&gt;The analyst comments &quot;The  company  reported  quarterly  results  below  expectations. PDD’s current transition period increases uncertainty regarding the  company’s  financial  results  over  the  coming  quarters, especially  amid  weakening  domestic  demand  in  China. However, it also creates opportunities for accelerated recovery in  the  future  thanks  to  these  new  initiatives.  Investments currently weighing</description>
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   <pubDate>Thu, 28 May 2026 09:50:34 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">PDD</category>
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  <item>
   <title>Pinduoduo Inc. (PDD) PT Lowered to $160 at Freedom Broker</title>
   <link>http://www.streetinsider.com/Analyst+Comments/Pinduoduo+Inc.+%28PDD%29+PT+Lowered+to+%24160+at+Freedom+Broker/26562720.html</link>
   <description>&lt;p&gt;Freedom Broker analyst Roman Lukianchikov lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $160.00 (from $170.00) while maintaining a Buy rating.&lt;/p&gt;&lt;p&gt;The analyst comments &quot;The  company  reported  quarterly  results  below  expectations. PDD’s current transition period increases uncertainty regarding the  company’s  financial  results  over  the  coming  quarters, especially  amid  weakening  domestic  demand  in  China. However, it also creates opportunities for accelerated recovery in  the  future  thanks  to  these  new  initiatives.  Investments currently weighing</description>
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   <pubDate>Thu, 28 May 2026 09:50:34 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">PDD</category>
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   <title>Form  6-K        PDD Holdings Inc.         For: May 28</title>
   <link>http://www.streetinsider.com/SEC+Filings/Form++6-K++++++++PDD+Holdings+Inc.+++++++++For%3A+May+28/26560705.html</link>
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   <pubDate>Thu, 28 May 2026 06:21:00 -0400</pubDate>
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   	   	<category domain="http://rss.financialcontent.com/stocksymbol">O.38543702</category>
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   <title>Form  6-K        PDD Holdings Inc.         For: May 28</title>
   <link>http://www.streetinsider.com/SEC+Filings/Form++6-K++++++++PDD+Holdings+Inc.+++++++++For%3A+May+28/26560705.html</link>
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   <pubDate>Thu, 28 May 2026 06:21:00 -0400</pubDate>
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   <title>Form  6-K        PDD Holdings Inc.         For: May 28</title>
   <link>http://www.streetinsider.com/SEC+Filings/Form++6-K++++++++PDD+Holdings+Inc.+++++++++For%3A+May+28/26560705.html</link>
   <description>si-local-file:///var/storage/secattach/20260528/26560705.html</description>
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   <pubDate>Thu, 28 May 2026 06:21:00 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">0A2S</category>
   	   	<category domain="http://rss.financialcontent.com/stocksymbol">O.38543702</category>
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   <title>Barclays Downgrades Pinduoduo Inc. (PDD) to Equalweight, 'entering private label market may cause friction with merchants'</title>
   <link>http://www.streetinsider.com/Downgrades/Barclays+Downgrades+Pinduoduo+Inc.+%28PDD%29+to+Equalweight%2C+%27entering+private+label+market+may+cause+friction+with+merchants%27/26560652.html</link>
   <description>&lt;p&gt;Barclays analyst Jiong Shao downgraded Pinduoduo Inc. (NASDAQ: PDD) from Overweight to Equalweight with a price target of $89.00 (from $165.00).&lt;/p&gt;&lt;p&gt;The analyst comments &quot;Summary: 1Q results suggest core China business weaker than expected while Temu growth accelerates; the issue here is that PDD historically had an industry-high monetization rate in China and those take rates are now under pressure as Chinese regulators have become increasingly protective of small merchants. We highlight PDD launched a 100bn RMB merchant support fund in April last year. With lower take rates, China revenue growth rate is likely to be below its GMV growth rate,</description>
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   <pubDate>Thu, 28 May 2026 06:10:42 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">PDD</category>
   	  </item>
  <item>
   <title>Barclays Downgrades Pinduoduo Inc. (PDD) to Equalweight, 'entering private label market may cause friction with merchants'</title>
   <link>http://www.streetinsider.com/Analyst+Comments/Barclays+Downgrades+Pinduoduo+Inc.+%28PDD%29+to+Equalweight%2C+%27entering+private+label+market+may+cause+friction+with+merchants%27/26560652.html</link>
   <description>&lt;p&gt;Barclays analyst Jiong Shao downgraded Pinduoduo Inc. (NASDAQ: PDD) from Overweight to Equalweight with a price target of $89.00 (from $165.00).&lt;/p&gt;&lt;p&gt;The analyst comments &quot;Summary: 1Q results suggest core China business weaker than expected while Temu growth accelerates; the issue here is that PDD historically had an industry-high monetization rate in China and those take rates are now under pressure as Chinese regulators have become increasingly protective of small merchants. We highlight PDD launched a 100bn RMB merchant support fund in April last year. With lower take rates, China revenue growth rate is likely to be below its GMV growth rate,</description>
   <guid isPermaLink="true">http://www.streetinsider.com/Analyst+Comments/Barclays+Downgrades+Pinduoduo+Inc.+%28PDD%29+to+Equalweight%2C+%27entering+private+label+market+may+cause+friction+with+merchants%27/26560652.html</guid>
   <pubDate>Thu, 28 May 2026 06:10:42 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">PDD</category>
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  <item>
   <title>Barclays Downgrades Pinduoduo Inc. (PDD) to Equalweight, 'entering private label market may cause friction with merchants'</title>
   <link>http://www.streetinsider.com/Hot+Comments/Barclays+Downgrades+Pinduoduo+Inc.+%28PDD%29+to+Equalweight%2C+%27entering+private+label+market+may+cause+friction+with+merchants%27/26560652.html</link>
   <description>&lt;p&gt;Barclays analyst Jiong Shao downgraded Pinduoduo Inc. (NASDAQ: PDD) from Overweight to Equalweight with a price target of $89.00 (from $165.00).&lt;/p&gt;&lt;p&gt;The analyst comments &quot;Summary: 1Q results suggest core China business weaker than expected while Temu growth accelerates; the issue here is that PDD historically had an industry-high monetization rate in China and those take rates are now under pressure as Chinese regulators have become increasingly protective of small merchants. We highlight PDD launched a 100bn RMB merchant support fund in April last year. With lower take rates, China revenue growth rate is likely to be below its GMV growth rate,</description>
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   <pubDate>Thu, 28 May 2026 06:10:42 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">PDD</category>
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   <title>Barclays Downgrades Pinduoduo Inc. (PDD) to Equalweight, 'entering private label market may cause friction with merchants'</title>
   <link>http://www.streetinsider.com/Hot+Downgrades/Barclays+Downgrades+Pinduoduo+Inc.+%28PDD%29+to+Equalweight%2C+%27entering+private+label+market+may+cause+friction+with+merchants%27/26560652.html</link>
   <description>&lt;p&gt;Barclays analyst Jiong Shao downgraded Pinduoduo Inc. (NASDAQ: PDD) from Overweight to Equalweight with a price target of $89.00 (from $165.00).&lt;/p&gt;&lt;p&gt;The analyst comments &quot;Summary: 1Q results suggest core China business weaker than expected while Temu growth accelerates; the issue here is that PDD historically had an industry-high monetization rate in China and those take rates are now under pressure as Chinese regulators have become increasingly protective of small merchants. We highlight PDD launched a 100bn RMB merchant support fund in April last year. With lower take rates, China revenue growth rate is likely to be below its GMV growth rate,</description>
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   <pubDate>Thu, 28 May 2026 06:10:42 -0400</pubDate>
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   <title>Pinduoduo Inc. (PDD) PT Lowered to $145 at Goldman Sachs</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Pinduoduo+Inc.+%28PDD%29+PT+Lowered+to+%24145+at+Goldman+Sachs/26560134.html</link>
   <description>&lt;p&gt;Goldman Sachs analyst Ronald Keung lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $145.00 (from $158.00) while maintaining a Buy rating.&lt;/p&gt;&lt;p&gt;The analyst comments: “While 1Q results came in below expectations on softer marketing services growth (+2% yoy) and EPS miss (-17% yoy) mostly on below-the-line items, we are encouraged by further acceleration in transaction service revenue growth (+20% yoy, an indication of Temu's GMV growth acceleration) and group operating profit growth in the quarter (+16% yoy, that implied significant improvement in Temu GMV margin yoy). More importantly, we view commencement of its first-party brand (&quot;Xin Pin Mu&quot;) investment</description>
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   <pubDate>Thu, 28 May 2026 04:17:47 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">PDD</category>
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   <title>Pinduoduo Inc. (PDD) PT Lowered to $145 at Goldman Sachs</title>
   <link>http://www.streetinsider.com/Analyst+Comments/Pinduoduo+Inc.+%28PDD%29+PT+Lowered+to+%24145+at+Goldman+Sachs/26560134.html</link>
   <description>&lt;p&gt;Goldman Sachs analyst Ronald Keung lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $145.00 (from $158.00) while maintaining a Buy rating.&lt;/p&gt;&lt;p&gt;The analyst comments: “While 1Q results came in below expectations on softer marketing services growth (+2% yoy) and EPS miss (-17% yoy) mostly on below-the-line items, we are encouraged by further acceleration in transaction service revenue growth (+20% yoy, an indication of Temu's GMV growth acceleration) and group operating profit growth in the quarter (+16% yoy, that implied significant improvement in Temu GMV margin yoy). More importantly, we view commencement of its first-party brand (&quot;Xin Pin Mu&quot;) investment</description>
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   <pubDate>Thu, 28 May 2026 04:17:47 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">PDD</category>
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   <title>Macquarie Downgrades Pinduoduo Inc. (PDD) to Neutral</title>
   <link>http://www.streetinsider.com/Downgrades/Macquarie+Downgrades+Pinduoduo+Inc.+%28PDD%29+to+Neutral/26560009.html</link>
   <description>&lt;p&gt;Macquarie analyst Ellie Jiang downgraded Pinduoduo Inc. (NASDAQ: PDD) from Outperform to Neutral with a price target of $87.00 (from $151.00).&lt;/p&gt;&lt;p&gt;The analyst comments: “PDD's 1Q26 revenue increased 11% to Rmb106bn, but adjusted NP fell 17% YoY, with a notably significant investment loss of Rmb2bn during the quarter. While PDD now trades at a distressed 8.8x FY26E P/E multiple (vs 10x-12x for industry peers), we struggle to find tangible evidence to support a sustainable near-term earnings recovery, considering lacklustre consumption, aggressive ecommerce competition, and a continued need to invest for supply chains and overseas expansion.&lt;/p&gt;&lt;p&gt;Compared to other EC peers, PDD's profitability</description>
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   <pubDate>Thu, 28 May 2026 02:35:12 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">PDD</category>
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   <title>Macquarie Downgrades Pinduoduo Inc. (PDD) to Neutral</title>
   <link>http://www.streetinsider.com/Analyst+Comments/Macquarie+Downgrades+Pinduoduo+Inc.+%28PDD%29+to+Neutral/26560009.html</link>
   <description>&lt;p&gt;Macquarie analyst Ellie Jiang downgraded Pinduoduo Inc. (NASDAQ: PDD) from Outperform to Neutral with a price target of $87.00 (from $151.00).&lt;/p&gt;&lt;p&gt;The analyst comments: “PDD's 1Q26 revenue increased 11% to Rmb106bn, but adjusted NP fell 17% YoY, with a notably significant investment loss of Rmb2bn during the quarter. While PDD now trades at a distressed 8.8x FY26E P/E multiple (vs 10x-12x for industry peers), we struggle to find tangible evidence to support a sustainable near-term earnings recovery, considering lacklustre consumption, aggressive ecommerce competition, and a continued need to invest for supply chains and overseas expansion.&lt;/p&gt;&lt;p&gt;Compared to other EC peers, PDD's profitability</description>
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   <pubDate>Thu, 28 May 2026 02:35:12 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">PDD</category>
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   <title>Pinduoduo Inc. (PDD) PT Lowered to $123 at Citi</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Pinduoduo+Inc.+%28PDD%29+PT+Lowered+to+%24123+at+Citi/26556753.html</link>
   <description>&lt;p&gt;Citi analyst Alicia Yap lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $123.00 (from $142.00) while maintaining a Buy rating.&lt;/p&gt;</description>
   <guid isPermaLink="true">http://www.streetinsider.com/Analyst+PT+Change/Pinduoduo+Inc.+%28PDD%29+PT+Lowered+to+%24123+at+Citi/26556753.html</guid>
   <pubDate>Wed, 27 May 2026 13:45:27 -0400</pubDate>
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