Temu owner PDD reports Q4 revenue up 12% YoY to ~$18B and net profit down 11% YoY to ~$3.56B, below ~$4B est., as it seeks to retain merchants on its platform (Tracy Qu/Wall Street Journal)

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Tracy Qu / Wall Street Journal:
Temu owner PDD reports Q4 revenue up 12% YoY to ~$18B and net profit down 11% YoY to ~$3.56B, below ~$4B est., as it seeks to retain merchants on its platform — The comphad cautioned that its performance could fluctuate as it rolled out support to keep merchants from defecting to other platforms

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