Bloomberg:

PDD, which runs Temu and Pinduoduo, reports Q2 revenue up 86% YoY to ~$13.6B, vs. ~$14B est., net income up 144% YoY to ~$4.5B, vs. $3.8B est.; PPD drops 28%+  —  - Chinese-owned company posted disappointing quarterly sales  — PDD is battling rivals like ByteDance at home and abroad

Bloomberg:

PDD, which runs Temu and Pinduoduo, reports Q2 revenue up 86% YoY to ~$13.6B, vs. ~$14B est., net income up 144% YoY to ~$4.5B, vs. $3.8B est.; PPD drops 28%+  —  - Chinese-owned company posted disappointing quarterly sales  — PDD is battling rivals like ByteDance at home and abroad

Source: TechMeme
Source Link: http://www.techmeme.com/240826/p10#a240826p10