Deutsche Bank upgraded PDD Holdings to Buy from Hold and set a price target of $105. Analysts said that although market consensus may be overly optimistic, PDD’s current valuation is “too attractive to look past.”
Separately, Temu joined Digital Business Ireland (DBI) to strengthen its ties with Ireland’s digital business community and support local businesses’ online growth. The membership gives Temu opportunities to take part in industry events and discussions and share e-commerce insights.