Why Is Temu Parent PDD Holdings Stock Gaining Monday? - PDD Holdings (NASDAQ:PDD)
PDD Holdings' revenue rose 7% to $14.52 billion driven by Chinese government stimulus and consumer subsidies despite intense competition and declining profit margins.
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Temu-owner PDD tops quarterly revenue estimates
E-commerce company PDD Holdings, which operates low-cost platforms Pinduoduo in China and Temu internationally, beat quarterly revenue estimates today, although net profit fell due to investments to ward off growing competition.
Pinduoduo Surpasses Revenue Expectations But Faces Profit Decline Amid Aggressive Market Competition
read the original version on: www.retailnews.asia Pinduoduo (PDD Holdings), a prominent e-commerce firm operating economical platforms in China and internationally, surpassed quarterly revenue expectations. However, its net income plummeted as a result of investments made to compete in an increasingly aggressive market. Share Performance and Economic Climate Shares of PDD Holdings, listed in the US, rose by 1%, with an 11% […] The post Pinduoduo…
Hong Kong & Mainland China Rise, PDD Beats In Q2 Earnings As Management Tempers Expectations - China Last Night
PDD Holdings Q2 Earnings Overview E-commerce company PDD Holdings reported Q2 financial results before the US market opened that beat analyst expectations for top-line revenue slightly, by 0.05%. The company beat expectations for adjusted net income by 46% and adjusted EPS by 42%. During the earnings call, management acknowledged the fierce competition in the E-Commerce space in China. “Revenue growth further moderated this quarter amid intense …
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