The e-commerce giant’s American depositary shares fall to a one-year low after the company reported a 15% drop in first-quarter profit, which came in well below expectations
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A PDD parcel collection and delivery station in Dongguan, Guangdong province. Photo: VCG
From Dublin raids to U.S. tax changes, cross-border hurdles hit Temu’s rapid global expansion and PDD’s bottom line
Increased spending on supply chains and merchant support also weighed on its 2025 results.
Minor penalty for missing merchant data filing fuels investor optimism that regulatory risks are receding
PDD reported revenue of US$14.53 billion during the second quarter ended June, up 7 per cent from a year earlier.
Temu parent PDD reports mixed Q1 2026 results: Revenue rises 11% to $15.4B, while adjusted net income falls 17% amid fierce…
Chinese e-commerce company PDD Holdings missed Wall Street estimates for first-quarter revenue on Tuesday, as its domestic…
