PDD Holdings falls on Q1 revenue miss

U.S.-listed shares of Chinese e-commerce company PDD Holdings PDD.O fall 15.3% to $101 premarket

Co reports Q1 revenue of 95.67 billion yuan ($13.30 billion), compared with analysts' average estimate of 102.51 billion yuan, according to data compiled by LSEG.

PDD's net income fell 47% to 14.74 billion yuan in the quarter from 28 billion yuan a year earlier

Up to last close, PDD down ~23% YTD

($1 = 7.1949 Chinese yuan renminbi)