Temu owner PDD stock jumps premarket after China tax fine, but probe fears linger
NEW YORK, Jan 21, 2026, 05:43 EST — Premarket PDD Holdings’ U.S.-listed shares jumped nearly 6% in premarket on Wednesday, following a report from Chinese state media that a Shanghai tax authority slapped the Temu parent company with a 100,000 yuan ($14,359) fine. (Yahoo Finance) This matters because investors were already expecting harsher measures. PDD’s shares have dropped amid news…