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SeekingAlphaAugust 26, 2026 at 3:47 AM NY9 days ago

PDD Holdings: Core Ad Deceleration And 1P Pivot Cloud Risk-Reward (Rating Downgrade)

PDD Holdings is downgraded to Hold after the Q2 miss; ad growth slows, and costs and regulatory risks rise as Temu expands. Click for this PDD stock update.

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