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PDD, which owns Pinduoduo and Temu, reports Q3 revenue up 9% YoY to ~$15.2B, above ~$15.1B est., and net income up 17% YoY to ~$4.1B, as it weathers US tariffs — PDD Holdings Inc.'s revenue rose a better-than-expected...
PDD Holdings Inc.’s revenue rose a better-than-expected 9% in a sign of a gradual recovery in its Chinese business, while the international Temu arm stabilizes after US policy disruptions.
The news: Temu ’s explosive overseas growth wasn’t enough to rescue parent PDD Holdings from the challenges weighing on consumer spending in China in Q3. PDD’s total revenues grew 44% YoY to RMB 99.4 billion ($14.1 bi...
(Reuters) -E-commerce company PDD Holdings, which operates low-cost platforms Pinduoduo in China and Temu internationally, beat quarterly revenue estimates on Monday, although net profit fell...
China's PDD Holdings PDD fell short of market estimates for third-quarter revenue on Thursday, in a sign that promotional offers and discounts were not enough to lure cost-conscious consumers to its e-commerce platform.
PDD, home to Chinese online discount retailer Pinduoduo as well as cross-border platform Temu, has received a big boost from the growing popularity of its international e-commerce arm, which...
U.S.-listed shares of PDD, which runs the Pinduoduo online shopping site in China and Temu internationally, were down more than 10% in pre-market trading. Higher unemployment among Chinese...
