Glonghui, May 30 | Pinduoduo (PDD.US) rose rapidly, rising more than 2% to $154.34. Jefferies published a report stating that the market is concerned about the policies and measures issued by the China General Administration of Market Regulation to optimize the business environment, especially the fee structure and the merchant's autonomy in terms of pricing. The bank believes that mainland Internet companies have provided transparent charging mechanisms. Among them, Pinduoduo provides a zero commission plan for agricultural product merchants. The bank gave it a “buy” rating, and the target price was 193 US dollars. Furthermore, Goldman Sachs published a report stating that after Pinduoduo's performance increased sharply, it raised recent online marketing revenue growth and the Group's profit forecast for the 2024-2026 fiscal year by 25 to 43% to reflect the continued growth in advertising revenue in the first quarter. Goldman Sachs indicated that due to Pinduoduo's domestic business cost structure being more streamlined than expected, the Group's net profit forecast for the 2024 and 2025 fiscal years was raised to 138 billion yuan and 177 billion yuan. The bank raised its rating from “neutral” to “buy,” and the target price was raised from $145 to $184.