GraniteShares 2x Long PDD Daily ETF

PDD Holdings Sees Increased Call Option Activity

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KBAB

PDDL

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36Kr learned that most popular Chinese concept stocks rose in pre-market trading in the U.S. As of the time of writing, iQIYI rose over 1%, Li Auto and Tencent Music rose nearly 1%, Alibaba rose 0.79%, XPeng rose 0.74%, JD.com and PDD rose 0.5%; Baidu fell 0.02%

36Kr

KraneShares 2x Long PDD Daily ETF

BABA 2x Long Daily ETF - GraniteShares

ISHRS S&P Glb It

Baidu

JD.com

Tencent Music

iQIYI

Global X E-commerce ETF

Global X Autonomous & Electric V

Hua Xia CSI New Energy Vehicles ETF

KraneShares 2x Long JD Daily ETF

KraneShares 2x Long BABA Daily ETF

TME-SW

Krne Csi China Internet

Li Auto

XPeng

BABA-W

Alibaba

LI AUTO-W

XPENG-W

Most popular Chinese concept stocks in the U.S. pre-market are up, with iQIYI rising over 1%

IBUY

AMZN

AMZU

ONLN

PDD Holdings Inc. (NASDAQ:PDD), parent of e-commerce platforms Pinduoduo and Temu, has achieved a 90th percentile Value rank despite a 9% year-to-date share drop. Its value score of 89.66 indicates a low market price relative to financial strength. The stock faces challenges, including a ban by Texas Governor Greg Abbott and a fine from Chinese tax authorities. Despite these issues, PDD's unique social commerce model supports its competitive position against Amazon. As of February 6, shares closed at $105.23, reflecting a 9.09% decline year-to-date.

- PDD Holdings Inc. (NASDAQ:PDD) has seen its value score soar to 89.66, ranking in the top 10% of global stocks despite a 9.09% decline year-to-date.  
- The decline is attributed to regulatory pressures, including a ban from Texas officials and a fine from Chinese authorities.  
- Despite these challenges, PDD remains a strong competitor in the e-commerce space with a unique business model and continued revenue growth.

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Amazon

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SPDR S&P Retail ETF

Wall Street's Hidden Value Play? Amazon's Chinese Rival Ranks Top 10% On Key Score After Recent Pullback

CARZ

36Kr learned that popular Chinese concept stocks in the U.S. pre-market are generally rising. As of the time of writing, Nio is up over 4%, Li Auto, Bilibili, and Baidu are up over 2%, Alibaba, XPeng, and iQIYI are up over 1%, JD.com is up 0.51%, and PDD is up 0.37%

First Trust S-Network Future Vehicles & Tech ETF

NIO-SW

BILIBILI-W

BIDU-SW

Bilibili

Popular Chinese concept stocks in the U.S. pre-market are generally rising, with Nio up over 4%

TCEHY

00700

09988

TCTZF

BABA

Goldman Sachs' research report points out that 2026 will be a key year for AI investment, focusing on competition in consumer AI applications. It is expected that Alibaba and Tencent will be the most competitive stocks, while Pinduoduo, due to its valuation discount and strong user perception, will become an important investment target. The report also mentions that cloud and data centers, gaming and entertainment, and AI models are promising sub-industries

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Tencent

TENCENT

Tencent Holdings Limited

Goldman Sachs: This year is a key year for AI investment, optimistic about Alibaba, Tencent, and Pinduoduo

The NASDAQ Golden Dragon China Index preliminarily closed down 0.6%. Among popular Chinese concept stocks, XPeng fell 8.2%, BYD fell 6.7%, PONY fell 4.2%, WERIDE fell 4.1%, and Alibaba fell 0.6%; while PDD rose 2.3%, YUM CHINA rose 2.4%, and New Oriental rose 2.8%

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BYD COMPANY

WERIDE-W

PONY-W

Roundhill China Dragons ETF

Yinhua MSCI China A ETF

iShares MSCI China

NEW ORIENTAL-S

BYD Company

NASDAQ Golden Dragon China Index

New Oriental EDU & Tech

ALI HEALTH

Invesco Golden Dragon China

BYD Company Limited

YUM CHINA

PDD Holdings (NASDAQ:PDD) has seen a surge in options activity, with significant trades indicating a bullish sentiment among wealthy investors. Recent data shows 10 uncommon options trades, with 40% bullish and 30% bearish sentiment. The targeted price range for PDD over the last three months is between $90.0 and $180.0. Currently, PDD's stock is down 0.21% at $102.59, with an average analyst price target of $170.0. Options trading is considered riskier but offers higher profit potential, requiring traders to manage risks effectively.

- Investors are taking a bullish stance on PDD Holdings, as indicated by unusual options trading activity tracked by Benzinga, with a split sentiment of 40% bullish and 30% bearish.  
- Special options trades revealed 8 puts totaling $1,182,430 and 2 calls totaling $692,825, aiming for a price range between $90.0 to $180.0 over the past three months.  
- Currently, PDD is priced at $102.59, down 0.21%, with analysts projecting an average price target of $170.0.

Spotlight on PDD Holdings: Analyzing the Surge in Options Activity

CFRA maintains a sell opinion on PDD Holdings Inc., lowering the target price from USD110 to USD95 due to projected earnings headwinds and increased business risks. The company cautions that profitability will remain volatile due to ongoing investments, prioritizing long-term value creation. Recent regulatory challenges, including a fine for tax information non-compliance, may heighten investor concerns about scrutiny on internet platforms. Earnings forecasts remain unchanged, but 2025/2026 earnings are expected to decline compared to 2024.

- CFRA has reduced its target price for PDD to USD 95 from USD 110, reflecting projected earnings headwinds and increased business risks.  
- PDD anticipates volatility in profitability due to ongoing business investments and a focus on long-term value creation, with expanded merchant support initiatives expected to lower earnings in 2025 and 2026.  
- The company faces uncertainties from regulatory changes, evidenced by a recent fine for failing to submit tax information, which may raise concerns about regulatory scrutiny of internet platforms.

fidelity

Research Alert: CFRA Keeps Sell Opinion On Adss Of Pdd Holdings Inc.

China Merchants Securities released a research report indicating that there will be significant sub-industry differentiation in the technology and internet sectors between the second half of 2025 and 2026. The long-term demand for AI infrastructure and robust capital expenditures will drive strong performance from the "Seven Giants" and technology hardware, while global consumer SaaS will face weakness. The report recommends increasing holdings in companies such as Meta, Pinduoduo, and NetEase, and looking for selective layout opportunities in the consumer SaaS sector

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SPDR S&P Software

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Microsoft

NVIDIA

YieldMax MSFT Option Income Strategy ETF

Meta Platforms

YieldMax NVDA Option Income Strategy ETF

GraniteShares 2x Long META Daily ETF

Global X Cloud Computing ETF

T-Rex 2X Long NVIDIA Daily Target ETF

"Major Institutions" China Merchants Securities: AI productivity is driving the differentiation in the technology industry, urging to increase holdings in Meta, Pinduoduo, and NetEase, etc

Chinese regulators have intensified their investigation into PDD Holdings, deploying over 100 investigators to the company's headquarters. The probe centers on alleged fraudulent deliveries and tax compliance issues, following a physical altercation involving PDD employees. This has led to fines, staff dismissals, and operational delays. Multiple law firms are reviewing potential securities law issues. Investors are concerned about the impact of regulatory scrutiny on PDD's business practices and costs, as compliance and governance become critical to its growth narrative. Key areas to monitor include the duration of investigations and PDD's response to regulators.

- Chinese regulators have intensified their investigation into PDD Holdings, sending over 100 investigators to examine alleged fraudulent deliveries and tax compliance issues.  
- The probe follows a physical altercation between PDD employees and officials, resulting in fines, staff dismissals, and operational delays that impact marketing and project timelines.  
- Investors face increased risks due to operational disruptions and potential legal consequences, while future performance may hinge on PDD's response to regulatory scrutiny and enhancements in compliance processes.

Simplywall

Regulatory Clash Puts PDD Holdings Governance And Growth Story Under Scrutiny

PDD Holdings (NASDAQ:PDD) has seen bullish options activity, with 52% of trades reflecting bullish expectations. Notably, 27 call options worth $1,658,340 were traded compared to 7 puts totaling $562,055. Investors are targeting a price range of $60.0 to $130.0 over the next three months. The current trading volume is 4,837,703, with the stock price at $107.05, up 0.4%. Analysts maintain a consensus target price of $170.0, with one expert reiterating a Buy rating. The next earnings report is due in 56 days.

- Recent trading activity indicates that significant investors, or "whales," are bullish on PDD Holdings, with 52% of trades optimistic compared to 47% bearish.  
- Investors target a price range of $60.0 to $130.0 and traded 34 options, totaling $2,220,295, including 7 puts and 27 calls.  
- Despite a 0.4% increase in stock price to $107.05, market analysts suggest PDD Holdings could reach a consensus target of $170.0, as traders balance risks with strategies for potential profits.

PDD Holdings Unusual Options Activity For January 22

According to a report by Reuters, Temu, an online platform under PDD, had its office in Turkey searched by local competition regulators on Wednesday morning (21st local time). The company's European headquarters in Dublin, Ireland was also searched last month. The report quoted a spokesperson for PDD stating that they will fully cooperate with the investigation in Turkey and mentioned that computers were taken during the search. The Turkish Competition Authority also confirmed the search but stated that it does not mean a formal investigation has been initiated, and denied taking the company's computer equipment, claiming it does not reflect the facts

Temu, a subsidiary of PDD, has its Turkey office searched

PDD's e-commerce platform Temu has matched Amazon's global market share, reaching 24%. According to a report released by the International Postal Company, Temu has rapidly grown since its launch in 2022, and it is expected that by 2025, its market share will be nearly equal to that of Amazon. The report shows that consumer confidence in cross-border online shopping remains high, despite changes in customs policies reshaping the global e-commerce supply chain. Shein and AliExpress also hold a certain market share

- Temu, a low-cost e-commerce platform under Pinduoduo, has matched Amazon in global cross-border market share, reaching 24% since its launch in 2022.  
- An IPC report indicates that while Amazon's share has slightly declined, Temu and Amazon collectively dominate the cross-border market.  
- Temu's success stems from its model that enables rapid fulfillment and competitive pricing, driven by China's robust supply chain capabilities and an increasing demand for affordable goods worldwide.

Accurately predicting potential bestsellers, reconstructing the global retail order, the report shows that Temu's global market share has caught up with Amazon

PDD Holdings shares rose about 3% in pre-market trading after a smaller-than-expected tax fine of 100,000 yuan from Shanghai authorities for failing to file employee information. Despite facing regulatory scrutiny, including a raid on its international arm Temu by Turkish authorities, analysts believe PDD's growth may continue if demand remains strong. However, the ongoing investigations highlight regulatory risks for the company as it expands globally.

- PDD Holdings shares rose about 3% in pre-market trading despite a tax penalty and regulatory scrutiny, suggesting investor relief over a smaller-than-expected fine.  
- Shanghai tax authorities fined a PDD unit approximately 100,000 yuan for not reporting required information, while Temu, PDD's international arm, faced a raid by Turkish officials amidst rising regulatory pressure.  
- Analysts indicate that while these events may cause short-term noise, they are unlikely to impede PDD's growth as long as demand remains stable.

GuruFocus

PDD Stock Pops After Smaller-Than-Expected China Tax Fine

Consumer stocks showed mixed performance pre-bell on Wednesday. The Consumer Staples Select Sector SPDR ETF (XLP) fell 0.3%, while the Consumer Discretionary Select Sector SPDR ETF (XLY) saw a slight increase. PDD Holdings (PDD) was fined 100,000 Chinese renminbi for tax document delays but saw a pre-bell share increase of over 3%. MakeMyTrip (MMYT) shares dropped over 6% after missing revenue expectations. Pursuit Attractions and Hospitality (PRSU) shares rose over 1% following the announcement of a $78.4 million sale of its Flyover business to Brogent Technologies, expected to close in spring 2026.

- Consumer stocks showed mixed performance before the market opened, with the XLP ETF declining by 0.3% while the XLY ETF slightly advanced.  
- PDD Holdings faced a fine of 100,000 Chinese renminbi ($14,365) for missing a tax document deadline, but its shares rose over 3%.  
- MakeMyTrip's stock fell more than 6% due to disappointing fiscal Q3 revenue, while Pursuit Attractions and Hospitality's shares increased by over 1% following a business sale agreement valued at approximately $78.4 million.

iShares US Consumer Staples ETF

Pursuit Attractions Hospitality

ISHRS S&Pp Glb Cons Staple

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VG Consumer Stap

SPDR FD Consumer Discretionary

MakeMyTrip

Sector Update: Consumer Stocks Mixed Pre-Bell Wednesday

PDD Holdings shares are trading higher as the stock reverses, possibly in response to reports that it received a fine by a Shanghai district taxation bureau.

GraniteShares 2x Long PDD Daily ETF(PDDL.US)

Most popular Chinese concept stocks in the U.S. pre-market are up, with iQIYI rising over 1%

Wall Street's Hidden Value Play? Amazon's Chinese Rival Ranks Top 10% On Key Score After Recent Pullback

Popular Chinese concept stocks in the U.S. pre-market are generally rising, with Nio up over 4%

Goldman Sachs: This year is a key year for AI investment, optimistic about Alibaba, Tencent, and Pinduoduo

The NASDAQ Golden Dragon China Index preliminarily closed down 0.6%. Among popular Chinese concept stocks, XPeng fell 8.2%, BYD fell 6.7%, PONY fell 4.2%, WERIDE fell 4.1%, and Alibaba fell 0.6%; while PDD rose 2.3%, YUM CHINA rose 2.4%, and New Oriental rose 2.8%