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The stock is up 3.60% over the past five sessions and down 28.62% year to date.
The Nasdaq Composite is down 2.80% over the past five sessions and up 9.44% year to date.
The European Commission accepted a compliance plan submitted by Temu under the Digital Services Act, requiring improvements to illegal product risk assessments and content moderation mechanisms, with an interim assessment due within four months. Temu was previously fined 200 million euros for violations of the act, and the commission noted that accepting the plan does not mean the fine is canceled or risks eliminated.
Separately, PDD acquired a Grade A office building, Jingyao Hongqiao in Shanghai's Changning district, from Tishman Speyer in the third quarter. The property spans approximately 21,600 square meters, with a transaction price of about 1.2 billion yuan.
Based on public media reports. AI-generated; not investment advice.