US Stock Market Move | Announced the formation of "New Pim" to start brand self-management PDD Holdings Inc. Sponsored ADR Class A (PDD.US) rose more than 8% in early trading.

On Wednesday, PDD Holdings Inc. Sponsored ADR Class A (PDD.US) surged more than 8% in early trading, reaching $106.09. In terms of news, on March 25, during the financial report conference call, PDD Holdings Inc. Sponsored ADR Class A revealed that the three-year strategic plan established at the shareholders' meeting is steadily progressing and taking effect. Now, the first major strategic move is beginning to take shape: PDD Holdings Inc. Sponsored ADR Class A group officially announced the formation of "New PDD", starting self-owned brand operations, continuing to heavily invest in the Chinese supply chain, and driving high-quality, branded development in the domestic industry. According to reports, "New PDD" has established a new special company in Shanghai, with an initial cash injection of 15 billion RMB. In the next three years, a total of 100 billion RMB will be invested in cash, integrating the supply chain resources of "PDD Holdings Inc. Sponsored ADR Class A+Temu" to establish a self-owned brand model, focusing on the global market, systematically operating and incubating brands for different markets and categories, achieving high standard outputs in Chinese manufacturing, and further promoting the value-oriented development of Chinese manufacturing.