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PDD Holdings Soars 3.29% on Strategic Initiatives

Mover TrackerFriday, May 2, 2025 8:32 am ET

1min read

On May 2, 2025, pdd holdings rose 3.29% in pre-market trading, reflecting a positive market sentiment towards the company's recent strategic initiatives and market performance.

PDD Holdings, the parent company of Temu and Shein, has been actively responding to the changing market dynamics. In April, the company launched the "Thousand Billion Support Plan," investing over 100 billion yuan in resources and flow over the next three years. This plan aims to support cross-border SMEs and foreign trade enterprises in transforming their business models, thereby enhancing China's manufacturing capabilities in both domestic and international markets.

Additionally, PDD Holdings has been proactive in supporting external trade enterprises in transitioning to the domestic market. The company has introduced various initiatives, including the "External Trade Optimal Products" support plan, to help these enterprises quickly adapt to the domestic market and reach consumers effectively.

Furthermore, PDD Holdings has been involved in several high-profile events and collaborations. The company participated in the Shanghai "Five Five Shopping Festival," investing 5 billion yuan in consumer subsidies to boost consumption during the festival. This move is part of PDD Holdings' broader strategy to drive consumer spending and support economic growth.

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