But Revenue Misses Big Expectations – Is the E-commerce Giant Losing Steam?

PDD Posts Huge Profit Growth, But Revenue Misses Big Expectations – Is the E-commerce Giant Losing Steam?

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PDD Holdings, the parent company behind Chinese e-commerce giant Pinduoduo, faced a bumpy ride in premarket trading after reporting its latest financial results. While the company posted growth in profit, its revenue came in below Wall Street expectations, leading to a dip in stock value. PDD’s quarterly revenue reached $13.1 billion, a 50% increase compared … Read more