🔴 PDD Holdings is trading 8.28% down in after-hours trading — no catalyst confirmed

PDD Holdings is trading at $74.87, down 8.28% in after-hours trading; no verified company-specific announcement or late-breaking catalyst was found.

• PDD Holdings had closed at $81.63, up 0.29%.
• Major U.S. indexes were higher, so broad-market weakness does not explain the sharp opposite-direction move.
• Temu-related regulatory and traffic concerns are background context, not a confirmed cause of this move.