Temu-owner PDD Holdings misses quarterly revenue expectations

Quick Summary:

PDD Holdings, which operates the Pinduoduo and Temu, missed market estimates for quarterly revenue on Thursday, as demand remained weak in the company's Chinese e-commerce business despite deep discounts and government stimulus to boost spending.

The company reported revenue of 110.61 billion yuan ($15.

The logo of Temu, an e-commerce platform owned by PDD Holdings, is seen on a mobile phone displayed in front of its website, in this illustration picture taken April 26, 2023.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Mobile Company Temu Revenue Logo Mediacorp E-commerce Yuan Billion Experience Holdings

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-20 @ 18:37:26 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 154 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 27190172

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