Temu-owner PDD misses revenue estimates
The Temu app icon on a smartphone in this illustration taken October 27, 2025. REUTERS/Dado Ruvic/Illustration
March 25 : Discount e-commerce player PDD Holdings missed market estimates for quarterly revenue on Wednesday, as subdued consumer spending weighed on its Chinese platform, Pinduoduo, overshadowing robust growth at its overseas marketplace Temu.
The company reported revenue of 123.9 billion yuan ($17.96 billion) for the fourth quarter, compared with analysts' average estimate of 124.4 billion yuan, according to LSEG data.
($1 = 6.8988 Chinese yuan renminbi)
Source: Reuters
