PDD Holdings Faces Profit Drop Amid Trade Hurdles

PDD Holdings (PDD.O) shares climbed 2.3% Monday even as second-quarter revenue of 112.36 billion yuan missed consensus by roughly 3.4%, exposing the dual threat of a domestic price war and escalating cross-border trade costs that could structurally compress margins. For investors tracking Chinese e-commerce sector positioning, the miss signals that neither Pinduoduo’s discount-driven domestic…