Pinduoduo was the star, with a blowout quarter

$Bank of America(BAC.US)$raised its price target on PDD to $89.
Chinese stocks are rising on the easing delisting threat.
The shopping site $PDD Holdings(PDD.US)$ was the star among Chinese Stocks today. It delivered earnings of $1.33 billion on revenue of $4.7 billion for its most recent quarter. Both figures handily beat analyst estimates.
It opened on Aug. 30 at $68. The shares are now up 20% on the year.