Temu-owner PDD Holdings misses quarterly revenue estimates
ReutersMay 27, 2025 10:33 AM
May 27 (Reuters) - Chinese e-commerce company PDD Holdings PDD.O missed Wall Street estimates for first-quarter revenue on Tuesday, as its domestic platform Pinduoduo suffered from weak consumer sentiment while its international business Temu was hit by uncertain global trade policies.
PDD reported revenue of 95.67 billion yuan ($13.30 billion)for the quarter ended March 31, compared with analysts' average estimate of 102.51 billion yuan, according to data compiled by LSEG.
($1 = 7.1949 Chinese yuan renminbi)
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