PDD Holdings' US-listed shares rise on upbeat Q4 profit

U.S.-listed shares of Temu parent PDD Holdings PDD.O rise 2.1% to $128.72 in morning trading

PDD reports Q4 adjusted profit of 20.15 yuan ($2.78) per American Depository Share, beating analysts' average estimate of 19.81 yuan, according to data compiled by LSEG

Co reports Q4 revenue of 110.61 billion yuan ($15.27 billion) compared with estimates of 115.38 billion yuan

Q4 net income rises to 27.45 billion yuan from 23.28 billion yuan a year earlier

Total operating expenses in the quarter up 19%, primarily due to increased spending in promotion and advertising activities

Up to last close, shares had risen ~30% YTD

($1 = 7.2421 Chinese yuan renminbi)