US Stock Market Move | PDD Holdings Inc. Sponsored ADR Class A (PDD.US) rose more than 6% in pre-market trading, and upgraded its governance structure. Zhao Jiazhen was appointed as co-chairman of the board.

On Friday, PDD Holdings Inc. Sponsored ADR Class A (PDD.US) rose more than 6% in pre-market trading, reaching $112.35 at the time of writing. In terms of news, on December 19, PDD Holdings Inc. Sponsored ADR Class A announced an upgrade to its governance structure at the annual shareholders' meeting, implementing a co-chair system. With board approval, Zhao Jiazhen was appointed co-chair along with Chen Lei, serving as co-chairs and co-CEOs. Zhao Jiazhen stated that in the past few years, Temu has rapidly grown to a significant scale, thanks to the CH SUPPLY CHAIN dividend, bringing about a key leap and providing new opportunities for the development of domestic supply chains, as well as the reengineering of PDD Holdings Inc. Sponsored ADR Class A and Temu in the next phase. The company will focus on high-quality development, investing heavily in the Chinese supply chain over the next three years, actively promoting high-quality development and branding of the supply chain, aiming to once again achieve a breakthrough and reimage PDD Holdings Inc. Sponsored ADR Class A.