Wall Street Journal:

Temu owner PDD reports Q1 revenue up 11% YoY to ~$15.7B, below ~$16.2B est., net profit down 15% to ~$1.85B, below ~$3.4B est., amid fierce competition in China  —  The company is rolling out more support initiatives to prevent merchants from defecting to other platforms

Wall Street Journal:

Temu owner PDD reports Q1 revenue up 11% YoY to ~$15.7B, below ~$16.2B est., net profit down 15% to ~$1.85B, below ~$3.4B est., amid fierce competition in China  —  The company is rolling out more support initiatives to prevent merchants from defecting to other platforms

Source: TechMeme
Source Link: https://www.techmeme.com/260527/p19#a260527p19