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0 -0.000376258113065622 -0.000846580754397549 -0.000846580754397549 9.40645282664389E-05 0.00122283886746304 -0.00150503245226222 -0.00150503245226222
Stock impact report

PDD Holdings (PDD) Facing Regulatory Challenges, Here's What You Need To Know [Yahoo! Finance]

Pinduoduo Inc. - American Depositary Shares (PDD) 
Company Research Source: Yahoo! Finance
PDD Holdings Inc. (NASDAQ:PDD) was fined 100,000 yuan, approximately $14,359, by the Shanghai district taxation bureau due to failure in submitting tax information as per the requirements. ? The company has been facing challenges from regulators and increased competition, due to which management has warned of slowing growth in the coming quarters. As reported earlier, on January 19, Bloomberg said Chinese regulators had sent various investigators to PDD Holdings Inc.'s (NASDAQ:PDD) headquarters in recent weeks to investigate alleged misconduct. ? Regardless, Wall Street remains bullish on the stock. Recently, on January 20, Alicia Yap from Citi assigned a Buy rating to the stock with a $170 price target. Earlier, on January 15, Eddy Wang from Morgan Stanley reiterated a Buy rating on PDD Holdings Inc. (NASDAQ:PDD) with a $148 price target.? Morgan Stanley removed PDD Holdings Inc. (NASDAQ:PDD) from its list of top picks due to increased regulatory concerns. The firm cited the la Show less Read more
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