PDD Holdings’ share price saw its seventh consecutive drop on Tuesday, pushing its market capitalization below $150 billion, as concerns grow over the intensifying regulatory scrutiny of its cross-border e-commerce platform, Temu, reports Caixin.
The stock has shed more than 30% of its value since a November 2025 peak, as Temu’s growth trajectory hits turbulence in key markets including the US and Europe, and revenue growth slows broadly.
Shares dropped as much as 4.9% in premarket trading on the Nasdaq before trimming losses. As of press time, its American depositary shares were down 1.93% at $104.66, valuing the company at roughly $147.8 billion.