Wells Fargo raised the price target for Marvell Technology Group (MRVL.US) from $240 to $310.

According to CNBC, United Parcel Service (UPS.US) will invest 2 billion USD in its international business, healthcare, and supply chain operations.

Kosovo’s trade deficit widened to a record 615.7 million euros in July

On August 24, Pinduoduo released its latest financial report, showing Q2 revenue of 112.4 billions CNY and Non-GAAP R&D investment of 4.3 billions CNY, a year-on-year increase of 40%. This year, Pinduoduo has continued to increase investment in industry development, technological research, and platform governance. In terms of platform governance, Pinduoduo has consistently allocated more resources, enhanced its technical prevention and control systems, expanded its professional governance team,

On August 24, Pinduoduo released its latest financial report: the Q2 profit was 27.2 billion yuan, down 12% year-on-year; non-GAAP R&D investment reached 4.3 billion yuan, up 40% year-on-year. Over the past quarter, Pinduoduo’s initiatives such as the “Tens of Billions Support” strategy continued to increase investment in platform governance, technological R&D, and the industrial ecosystem. These substantial investments have somewhat weighed on the profit performance for the quarter, but they h