By Doug Young & Rene Vanguestaine

China says it will target relatively modest GDP growth of “about 5%” this year, as it focuses on “quality growth” over “growth at any cost” in the post-pandemic era.

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China Inc by Bamboo Works discusses the latest developments on Chinese companies listed in Hong Kong and the United States to drive informed decision-making for investors and others interested in this dynamic group of companies.

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BRIEF: PDD profit tumbles, shares sink

Bargain e-commerce platform operator PDD Holdings (PDD.US) reported Tuesday that its first-quarter revenue rose 10% year-over-year to 95.67 billion yuan ($13.2 billion), falling short of market expectations for 101.6 billion…