Pinduoduo

2025.06.16

16:03

Some popular Chinese stocks in the US stock market rose before the market opened

16:03

2025.06.12

09:49

The Shanghai Municipal Cyberspace Administration Office has instructed Xiaohongshu, Bilibili and other platforms to clean up illegal AI product marketing information

In order to implement the work deployment of the Central Cyberspace Affairs Office of "Clear and Clear, Rectify the Abuse of AI Technology", since late April, the Shanghai Municipal Cyberspace Affairs Office has focused on 6 types of outstanding issues and carried out the first phase of special actions. Now the interim work results are announced to the public to further build consensus and jointly create a clear network ecology. The Shanghai Municipal Cyberspace Affairs Office guided 15 key website platforms such as Xiaohongshu, Bilibili, and Pinduoduo to focus on cleaning up illegal AI products, commodities and related marketing, hype, promotion, and tutorial information such as "one-click undressing", unauthorized face or voice cloning editing, and unregistered. Xiaohongshu and Bilibili took the initiative to issue special action governance announcements and opened channels for reporting and handling harmful AI content; Xingye carried out a comprehensive investigation and cleanup of intelligent bodies. The key websites and AI platforms intercepted and cleaned up more than 820,000 related illegal and illegal information, handled more than 1,400 illegal accounts, and took down more than 2,700 illegal intelligent bodies. After rectification, the illegal AI information on the Internet has been significantly reduced. The Shanghai Municipal Cyberspace Administration deepened the role of the Big Model Compliance Guidance Service Center, guided all types of entities providing generative artificial intelligence services to fulfill their compliance obligations, and strengthened security assessments. So far, 82 big models have been registered and 87 applications have been registered. Three applications that failed to comply with the filing or registration procedures and provided services and posed risks were summoned and given administrative penalties in accordance with the law. The Shanghai Municipal Cyberspace Administration guided key AI platforms to strengthen technology source governance, deepen self-examination and self-correction, strengthen training corpus management mechanisms, strengthen the security management of new versions and new applications, and API access applications, make good use of big model capabilities to continuously improve security levels, and establish and improve risk control mechanisms that are compatible with the scale of business.

2025.05.29

16:03

Most of the popular Chinese stocks rose before the market opened, with JD.com rising more than 6%

2025.05.27

20:15

Pinduoduo's Zhao Jiazhen: The 100 billion plan is the key strategy for the next period of time, and the company is fully committed to it.

In the earnings call tonight, Pinduoduo Group Executive Director and Co-CEO Zhao Jiazhen said when talking about the "100 billion support" plan, the 100 billion plan will further increase the resource investment in new quality supply, and the scope of support for new quality merchants will also be expanded from the top and waist to small and medium-sized merchants. On the one hand, the platform will continue to explore more commission reduction measures, continue to reduce costs and burdens for merchants, and create more cost space, operating space and innovation space; on the other hand, the platform's traffic engine, black label stores and other resources will also be tilted towards small and medium-sized merchants in all directions, maximizing the potential of small and medium-sized merchants and promoting the overall upgrade of the industrial belt to a larger scale and higher quality. Zhao Jiazhen also said that the 100 billion plan is Pinduoduo's key strategy for some time to come, requiring the company to make every effort and fully invest in this new strategy, focusing on small and medium-sized merchants, and daring to tackle the hard bones of high-quality development.

20:12

Pinduoduo's pre-market decline in US stocks widened to 20%

Pinduoduo's US stock pre-market decline widened to 20%. The first quarter results announced earlier were lower than expected.

20:12

Pinduoduo (PDD.O)'s pre-market decline in U.S. stocks widened to 20%.

19:41

Pinduoduo (PDD.O) executives: Changes in the external policy environment, such as tariffs, have brought tremendous pressure to merchants.

18:44

Pinduoduo (PDD.O)'s pre-market losses widened to nearly 16%.

18:43

Pinduoduo's pre-market decline in US stocks widened to 15%

Pinduoduo's pre-market decline in U.S. stocks widened to 15%, after its previously announced first-quarter results fell short of market expectations.

18:35

Pinduoduo (PDD.O) fell more than 10% in pre-market trading in the U.S.

18:32

Pinduoduo's revenue in Q1 2025 is 95.67 billion yuan

Pinduoduo's revenue in Q1 2025 was 95.67 billion yuan, compared with 86.81 billion yuan in the same period last year. After the results were announced, Pinduoduo's pre-market share price fell by more than 10%.

18:31

Pinduoduo (PDD.O) had revenue of 95.67 billion yuan in the first quarter of 2025, compared with 86.81 billion yuan in the same period last year.

2025.05.21

18:20

The person in charge of the National Bureau of Statistics hosted a symposium on the planning of the construction of Digital China during the 15th Five-Year Plan period

On May 20, Shen Zhulin, member of the Party Leadership Group and Deputy Director of the National Data Administration, hosted a symposium on the "15th Five-Year Plan" Digital China Construction Plan in Shanghai, and listened to the opinions and suggestions of experts and corporate representatives from Shanghai Artificial Intelligence Laboratory, Shanghai Jiaotong University, Shanghai Data Group, Eastmoney, Pinduoduo, etc. on the development of digital intelligence technology, enterprise digital transformation, data factor market construction, platform economy, cross-border data flow and data security, data infrastructure construction and operation, digital culture, smart cities, etc. At the same time, the National Data Administration will further strengthen communication and exchanges with enterprises, better coordinate data development and security, actively respond to the actual concerns of enterprises, and create a better policy environment for corporate innovation and development.

09:45

Goldman Sachs: Hedge funds cut their positions in the seven largest U.S. technology companies in the first quarter and increased their holdings of Chinese stocks

Hedge funds cut their exposure to the "Big Seven" U.S. stocks in the first quarter while increasing their holdings of Chinese stocks, according to Goldman Sachs strategists. Despite the rise in trade tensions at the end of the quarter, hedge funds gradually increased their exposure to Chinese ADRs while reducing their net exposure to most of the "Big Seven" companies, according to a team led by Ben Snider. The most popular Chinese stocks held by U.S. hedge funds include Alibaba, Pinduoduo, Baidu and JD.com, the strategists wrote in a report on May 20.

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