PDD's Trading Volume Drops 38% But Ranks 74th in Market

On May 13, 2025, PDD's trading volume reached 11.49 billion, a 38.38% decrease from the previous day, ranking 74th in the day's stock market. PDD rose by 2.64%, marking two consecutive days of gains, with a total increase of 8.94% over the past two days.

Citigroup upgraded its outlook for PDD Holdings Inc. from Neutral to Buy on May 12, 2025. This upgrade was driven by the positive impact of reduced tariffs on China's cross-border sellers, which is expected to benefit PDD's Temu platform significantly. The firm set a price target of $165, reflecting a stronger margin outlook and reduced tariff risks.

PDD Holdings Inc. operates a mobile e-commerce platform in China, offering a wide range of products including apparel, footwear, accessories, childcare products, fresh agricultural products, foods, consumer electronics, furniture, household goods, cosmetics, personal care items, sports and fitness items, and automotive accessories. The company's revenue is primarily derived from online marketing services (84.9%) and transaction fees (15.1%). As of the end of 2023, PDD had 14.2 million active merchants.