FinanceThe Next Webabout 2 hours ago
PDD beats profit estimates as revenue growth slows
1 min read
PDD Holdings beat profit estimates with adjusted earnings of 19.33 yuan per share, but revenue rose only 8% to 112.4bn yuan, missing forecasts. Shares gained 3.5% premarket. European regulatory pressure on Temu continues, including a €200mn fine and a new Foreign Subsidies Regulation probe.
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