Tracy Qu / Wall Street Journal:

Temu owner PDD reports Q2 revenue up 8.1% YoY to ~$16.72B, missing estimate of ~$17.17B, net profit down 12% YoY to ~$4.04B, above ~$3.63B estimate  —  Rising competition from livestreaming and social e-commerce is challenging PDD's market position  —  The Chinese owner of bargain-shopping …

Tracy Qu / Wall Street Journal:

Temu owner PDD reports Q2 revenue up 8.1% YoY to ~$16.72B, missing estimate of ~$17.17B, net profit down 12% YoY to ~$4.04B, above ~$3.63B estimate  —  Rising competition from livestreaming and social e-commerce is challenging PDD's market position  —  The Chinese owner of bargain-shopping …

Source: TechMeme
Source Link: https://www.techmeme.com/260824/p23#a260824p23