pdd holdings launches the second round of "Super Double Subsidies" with a subsidy of billions. The first round had an order volume exceeding 16.4 million orders.

On October 28th, this year's Singles' Day promotion will soon enter its peak period. pdd holdings officially launches the second round of super double subsidy activity, focusing on subsidizing popular single products in categories such as mobile phones, electronics, home appliances, beauty, and skincare. A large number of products will be further discounted by up to 50% on top of the billion-yuan subsidy daily prices, continuing to boost sales for merchants and brands to new highs, while providing consumers with more high-quality products. It is understood that the second round of the "super double subsidy" activity will run from 10:00 on October 28th to 10:00 on November 4th. Consumers only need to open the pdd holdings app, click on the billion-yuan subsidy, and enter the "double subsidy".

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European and American central bank officials called for caution in cutting interest rates, with US Treasury yields rising to pressure low-risk assets. The Dow and S&P indices fell by about 1% for the third consecutive day, NVIDIA initially dropped over 4%, cloud-based company Kujiale warned of profit slump nearly 3% in US stock, China concept index turned down, but Li Auto Inc. rose by nearly 4%. The 10-year US Treasury yield once rose above 4.26% to a three-month high, and the yen fell below 153 for the first time in three months. Oil prices fell by more than 1%, spot gold approached $2760 to hit a new high before falling by over 1%, and silver initially dropped by 4%.

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