News Snapshot:
AsiaVision Unless you've been focused on China from an investment perspective over the last few years, it's entirely possible that you haven't heard of PDD Holdings (NASDAQ:PDD) up until this point. In years' past, the company has often played second fiddle to ecommerce giants such as Alibaba (BABA) and JD (JD), given its smaller and more niche ecommerce presence and apps. However, since the pandemic, PDD has surged. Revenues have exploded as the company's unique focus on social shopping and value-for-money products has paid off, and the stock has responded in kind, gaining nearly 500% since going public: TradingView The...