Five Chinese Firms Dominate Friday’s Top 10 Gainers

7. PDD Holdings Inc. (NASDAQ:PDD)

PDD Holdings grew its share prices by 5.57 percent on Friday to end at $131.34 apiece as investors continued to gobble up shares in Chinese firms on growth expectations bolstered by Chinese AI platform DeepSeek.

With Chinese firms and government agencies slowly adopting DeepSeek AI models into their operations, investors are noticeably scrambling to place their bets to take advantage of relatively lower share prices.

PDD, which owns the e-commerce platform Temu, traded higher in line with fellow US-listed Chinese firms namely Alibaba Group Holding Ltd. (NYSE:BABA), Lufax Holding Ltd. (NYSE:LU), Hesai Group Inc. (NASDAQ:HSAI), Tencent Music Entertainment Group (NYSE:TME), and Pony AI Inc. (NASDAQ:PONY).

Investors also appeared to have shunned potential risks for PDD which could face challenges from the growing trade tensions between the US and China, having enjoyed what is called the “de minimis” exemption—a Latin term that means “too small to matter.” This lets packages worth less than $800 be brought to the US without any customs fees.