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2025-09-16 18:32:39
[Pinduoduo rises 1.3%, Goldman Sachs says Temu's US GMV continues to recover] Pinduoduo (PDD.US) pre-market share price rose 1.3% to $129.05 on Tuesday. On the news front, Goldman Sachs' latest research report shows that user stickiness of Chinese e-commerce apps increased by 13% year-on-year in August, and the proportion of daily active users of platform merchants' apps remained stable. The bank is clearly optimistic about Pinduoduo in the e-commerce field, pointing out that its Temu's US market GMV continues to recover, with monthly active users (MAU) increasing by 20% month-on-month. Promotional activities such as Temu's "end-of-season return week" launched in August (some products are sold at 30% off) may have contributed to this growth.
