The double 12 shopping festival "Super Double Supplement" activity for PDD Holdings (PDD.US) officially launched recently (on December 8), focusing on beauty, personal care, mother and baby, food, and home appliances among other major commodities.
Based on the platform's excess subsidies, the 10 billion yuan subsidy area with 2,600 yuan consumer vouchers will also stack with national subsidy benefits, resulting in an additional 15% price drop on some home appliances.
In the last round of activities, brands such as LI NING (02331.HK), LEGO, FILA, and Fujifilm Holdings Corporation Unsponsored ADR all achieved substantial growth.