Shares of PDD Holdings (NASDAQ: PDD), a Chinese e-commerce company and owner of discount-priced sites Pinduoduo and Temu, were climbing for the second day in a row today.

Today's gains came one day after the stock soared on a blowout earnings report, seeing strong revenue growth even in a difficult economic environment. The stock was gaining on Wednesday as several Wall Street analysts raised their price targets on the stock and as Alibaba co-founder Jack Ma called out the threat from Pinduoduo in an internal company post.

As a result, PDD stock was up 1% as of 10:54 a.m. ET after gaining as much as 4.2% earlier in the session.

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Source Fool.com