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Stock impact report

A Harry Potter villain is now an unlikely new-year mascot in China [CNN]

Pinduoduo Inc. - American Depositary Shares (PDD) 
Company Research Source: CNN
Hong Kong — Draco Malfoy, Potter's privileged teen nemesis in J.K. Rowling's wildly successful book series, is popping up in festive displays in the country ahead of the Lunar New Year. The good fortune is in the name: “Malfoy” is transliterated as “Ma Er Fu” in Mandarin. The first word “Ma” means “horse” (?), while the third refers to good fortune (?). Read together, it sounds like horses are bringing good luck. Videos on Chinese social media show people adorning their homes with red posters carrying well-wishing phrases, known as fai chun or chunlian, in an annual festive ritual. Only this time, alongside messages wishing for wealth and health is the signature grin of the blond bully from Hogwarts school. The Year of the Horse begins on February 17 with the end of the Year of the Snake (an animal equally apt for Malfoy, as the symbol of Slytherin, his house at Hogwarts). The Harry Potter franchise has been a hit in China. Nearly 10 million translated copies of books wer Show less Read more
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