Temu-owner PDD tops quarterly revenue estimates
ReutersAug 25, 2025 10:33 AM
Aug 25 (Reuters) - E-commerce firm PDD Holdings PDD.O beat market estimates for quarterly revenue on Monday, signaling a rebound in domestic demand and improved growth in its international business despite global trade uncertainties.
The company, which operates low-cost platforms Pinduoduo in China and Temu internationally, reported revenue of 103.98 billion yuan ($14.53 billion) during the second quarter ended June, up 7% from a year earlier. Analysts on average were expecting revenue of 103.34 billion yuan, according to data compiled by LSEG.
($1 = 7.1561 Chinese yuan renminbi)
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