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Temu-Owner PDD beats profit estimates as revenue growth slows to 8% — Blankdot

thenextweb.com4 weeks ago

Temu-Owner PDD beats profit estimates as revenue growth slows to 8%

Temu-Owner PDD beats profit estimates as revenue growth slows to 8%

PDD Holdings posted adjusted quarterly earnings of 19.33 yuan per share against estimates of 18.51, with revenue up 8% to 112.4bn yuan, or $16.6bn, missing forecasts. Shares rose about 3.5% premarket as European regulatory pressure on Temu continues to build. Temu’s owner made more money than…

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