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Home > Latest

Lates News

date
26/08/2025
JPMorgan Chase: Raise the target price of Pinduoduo from $105 to $125.
Latest
2 m ago
UBS released a report stating that Pinduoduo's performance in the second quarter should temporarily alleviate investors' concerns, including the overall financial impact of US tariffs on its Temu business, the potential impact on profit margins of the 100 billion yuan subsidy launched in April, and the legitimacy of Pinduoduo's cash balance as interest and investment income returns. The report suggests that Pinduoduo's competitors in mainland China are shifting their focus to rapid business growth rather than low-price competition, which should reduce the competitive pressure on Pinduoduo in the traditional e-commerce sector. The second quarter for Temu may be the most severely impacted by US policies, but it is expected to gradually recover due to the return of US traffic, ongoing testing of new cross-border e-commerce models, and continued expansion outside the US. The bank believes that the market has room to raise profit expectations for Pinduoduo after the earnings announcement. It has raised its earnings forecasts for Pinduoduo by 13% to 32% per share for the years 2021 to 2027, and increased the target price from $165 to $176, with a "Buy" rating.
2 m ago
Zhao Leji chaired the 48th meeting of the 14th Standing Committee of the National People's Congress, and decided that the 17th meeting of the 14th Standing Committee of the National People's Congress will be held in Beijing from September 8th to 12th.
2 m ago
Stock market anomaly | Becon Medical - B (02170.HK) rose nearly 6% in the final trading session. Gem Medium obtained registration certificate to promote the localization of assisted reproductive fluids.
3 m ago
The National Highway Traffic Safety Administration (NHTSA) said that General Motors will recall over 23,500 vehicles in the US market due to fuel leakage issues.
3 m ago
The 30-year UK government bond yield rose to 5.634%, the highest level since April 9th, with an increase of over 8 basis points on the day.
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