US-listed PDD, which runs Temu and Pinduoduo, reports Q2 revenue up 86% YoY to ~$13.6B, below ~$14B est., and net income up 144% YoY to ~$4.5B, vs. $3.8B est. (Bloomberg)

3 weeks ago 3

Bloomberg:
US-listed PDD, which runs Temu and Pinduoduo, reports Q2 revenue up 86% YoY to ~$13.6B, below ~$14B est., and net income up 144% YoY to ~$4.5B, vs. $3.8B est. — The Chinese-owned e-commerce platform reported revenue of 97.1 billion yuan ($13.6 billion) in the June quarter, versus the average analyst estimate of 100 billion yuan.

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