Why PDD Holdings Stock Was Falling Today
Shares of PDD Holdings (NASDAQ: PDD) were falling today as the parent of Pinduoduo and Temu was swept up in the broader fallout after a Hong Kong court ordered liquidation of China Evergrande Group, which was once China's biggest real estate developer.
As a result, the stock was down 7.6% as of 12:20 p.m. ET on Monday.
Source Fool.com
China Evergrande Group Stock
€0.025
-3.400%