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PDD Analysts See HK Listing as More Likely After Auditor Change
PDD Holdings Inc.’s move to switch to a Hong Kong-based auditor may indicate the Chinese e-commerce firm is preparing to apply for a second listing there, according to two analysts.
Upgrading the Hong Kong listing to a primary status will also allow mainland buyers to tap into the stock. PDD Holdings Inc. ’s move to switch to a Hong Kong-based auditor may indicate the Chinese e-commerce firm is preparing to apply for a second listing there, according to two analysts. The parent company of budget shopping app Temu said in a filing on Wednesday that it has tapped Hong Kong-based auditors of Ernst & Young for a review of its financial statements this year.
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