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

Temu parent PDD reports mixed Q1 2026 results: Revenue rises 11% to $15.4B, while adjusted net income falls 17% amid fierce rivalry.

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