Why PDD Holdings Stock Has Fallen for Six Straight Sessions
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Shares of PDD Holdings have fallen over 12% in six sessions due to rising regulatory pressure in China. The company is under investigation for issues like fake deliveries and tax compliance, with over 100 investigators at its Shanghai headquarters. This scrutiny has slowed marketing plans and delayed projects. Despite its rapid growth and a Moderate Buy consensus rating from analysts, investor sentiment remains cautious as they evaluate the potential impact on operations and earnings.
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