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home / news releases / PDD - Chinese Internet Stocks: Relief Rally Or The Start Of A New Dawn?

PDD - Chinese Internet Stocks: Relief Rally Or The Start Of A New Dawn?

Pinduoduo Inc.
  • U.S. lawmakers' deal on a short-term debt ceiling extension spurred a bullish run on stocks last week but the depressed Chinese equities rallied even more.
  • Cheery macro data and developments are supporting the bullish narrative for Chinese stocks.
  • Despite the headwinds from a more stringent regulatory tightening, September gaming data and a favorable outlook powered NetEase's strong weekly gains.
  • I argue why Meituan's antitrust conclusion is a positive signal for Alibaba.
  • A hefty increase in Charlie Munger's Daily Journal Corporation investment in Alibaba Group was widely reported and well-received by investors.

For further details see:

Chinese Internet Stocks: Relief Rally Or The Start Of A New Dawn?
Stock Information
Company Name: Pinduoduo Inc.
Stock Symbol: PDD
Market: NASDAQ
Website: pinduoduo.com
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