On October 10, 2025, PDD Holdings Inc. closed at $124.27, down 5.32%, capping a two-day decline totaling over 7% as the stock was hit by renewed U.S.-China trade tensions following threats of a 100% tariff on Chinese imports. This sharp selloff aligns with sector-wide declines among Chinese tech stocks, as reported by multiple sources, and reflects heightened investor concern over escalating trade risks. No major company-specific announcements or earnings releases were reported for PDD on October 13, 2025, so the recent price movement is primarily attributed to macroeconomic and geopolitical developments.