U.S. stock market appears to be moving abnormally | Pinduoduo (PDD.US) rises more than 6% in pre-market trading, upgrading its governance structure, Zhao Jiazhen appointed as co-chairman.

According to the Zhitong Finance APP, on Friday, Pinduoduo (PDD.US) rose more than 6% in pre-market trading, reaching $112.35 at the time of publication. On the news front, on December 19, Pinduoduo's annual shareholders' meeting announced an upgrade to its governance structure, implementing a co-chairman system. With the approval of the board of directors, Zhao Jiazhen was appointed as co-chairman, serving as co-chairman and co-CEO alongside Chen Lei.