On Monday, most popular Chinese concept stocks posted gains. As of press time, NetEase (NTES.US) rose over 4%, Tencent Music (TME.US) climbed more than 3.6%, Baidu (BIDU.US) advanced over 3%, and Alibaba (BABA.US) gained more than 2.3%. PDD Holdings Inc (PDD.US) surged over 2.5%. PDD Holdings Inc's second-quarter revenue growth slightly decelerated, but benefiting from controlled marketing expenses, the company's net profit decline significantly narrowed, with overall performance exceeding expectations. Q2 total revenue reached 103.98 billion yuan ($14.35 billion), up 7% year-over-year, compared to market estimates of 103.93 billion yuan. Operating profit was 25.79 billion yuan, down 21% year-over-year; net profit reached 30.75 billion yuan, declining 4% year-over-year. During the earnings call, PDD Holdings Inc management emphasized that the company will continue to increase support for merchants going forward, and therefore does not believe this quarter's profit levels are sustainable. "Compared to short-term performance, we are more focused on investments that can bring long-term returns to our platform ecosystem. This is why we are willing to sacrifice profits and persistently give back to the ecosystem for the long term."