PDD - Why Shares of Pinduoduo KE Holdings and Baidu Are Falling This Week
Shares of many Chinese stocks that trade on U.S. stock exchanges struggled this week after the sector faced a number of regulatory and economic developments.
For the week, shares of the Chinese agtech company Pinduoduo (NASDAQ: PDD) had slumped nearly 13% as of market close Thursday, according to data provided by S&P Global Market Intelligence .
Meanwhile, shares of the Chinese real estate platform KE Holdings (NYSE: BEKE) traded more than 20% lower, and shares of the artificial intelligence company Baidu (NASDAQ: BIDU) were down roughly 11%.
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Why Shares of Pinduoduo, KE Holdings, and Baidu Are Falling This Week