Lates News

Nomura Research Report says that Pinduoduo's overseas business may have already recovered. After the US government terminated the small value exemption in May, Pinduoduo's Temu platform changed its strategy and increased recruitment efforts for US local sellers. Temu is also rapidly expanding in markets outside the US. These measures have helped Temu's business to recover. Nomura maintains a neutral rating on Pinduoduo ADR with a target price of $136.