China E-Commerce Stocks Sink as Beijing Cracks Down on 618 Discount Wars
Beijing targets misleading 618 deals by JD, PDD, Alibaba; stocks fall as regulators curb subsidy wars and unclear discounts.
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Temu Owner PDD Holdings Misses Q1 2026 Earnings Estimates as China’s Economic Weakness Bites
PDD Holdings missed Q1 targets: revenue up but below forecasts, profits fell, costs rose; shares dropped ~6% premarket.
China Cracks Down on Foreign Brokers: Futu, Tiger & Longbridge Face Penalties
China is cracking down on brokers helping locals invest abroad, restricting accounts to stop illegal money outflows.
Morgan Stanley Predicts PDD Stock Rise After “Ghost Takeaway” Penalty Clears
Morgan Stanley sees PDD rising short term as China’s penalty news removes uncertainty, calling it a possible near-term boost.
PDD Holdings Faces Minor Tax Fine: Citi Sees Relief for Investors
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.
China Expands Regulatory Probe into PDD Holdings After Physical Altercation
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.