BlackRock's position in PDD Holdings is currently worth $3.38B. That's 0.05% of their equity portfolio (295th largest holding). The investor owns 2.85% of the outstanding PDD Holdings stock. The first PDD Holdings trade was made in Q4 2020. Since then BlackRock bought shares eleven more times and sold shares on six occasions. The investor's estimated purchase price is $4.27B, resulting in a loss of 21%.
PDD Holdings Inc. PDD posted weaker-than-expected first-quarter results on Tuesday.
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Temu's business model has been hammered by President Trump's tariffs, including his end to the de minimis exemption, which allowed overseas fast-fashion firm...
PDD's stock tumbled as investments to fend off tariffs and competition lead to a big miss in quarterly earnings.