On July 1, PDD Holdings rose 3.17% in regular trading, trading at $81.03/share, with turnover of $175 million.

On the news front, PDD's Xiongan subsidiary has surpassed 600 employees, making it the largest private internet company in the Xiongan New Area. The company previously established the subsidiary with an initial cash injection of 500 million yuan and purchased an entire 12-story office building expected to be operational by end of July. The new facility will add mid-platform operations and data analytics positions, with the full recruitment cycle providing over 5,000 jobs.

Notably, PDD completed the entire Xiongan deployment loop — from company registration and employee onboarding to asset acquisition — within approximately one month, signaling long-term commitment to the region. This milestone, combined with reported GMV growth of 20-30% year-over-year during the 618 shopping festival, has contributed to improved market sentiment toward the stock.

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