Success abroad drives rare winners in dismal China stock market

An investor watches a board showing stock information at a brokerage office in Beijing. — Reuters

Beijing: In a year when Chinese stocks are among the worst-performing globally, there have been rare winners: those that have shown they can compete on the global stage.

Take PDD Holdings Inc. Its US-listed shares have surged 80% this year as its Temu discount shopping app quickly grew into a legitimate Amazon.com Inc challenger after a splashy Super Bowl ad in February.