PDD Holdings fined $14K by Shanghai tax authorities for delayed compliance. Citi analysts view penalty as "smaller-than-feared," maintaining Buy rating with stock jumping 4% premarket.
Chinese regulators dispatch 100+ investigators to PDD Holdings' Shanghai headquarters following employee clashes with officials. Investigation covers fraud allegations and tax issues, triggering stock decline.
PDD Holdings (PDD) reports 9% revenue growth and beats profit forecasts, but shares fall as company cautions about fierce competition and regulatory challenges affecting its China and Temu businesses.
UPS third-quarter earnings exceed forecasts as 34,000 job cuts and strategic network changes boost profits. Shares jump 12% despite ongoing tariff challenges.
