PDD competes with Alibaba’s Taobao and Tmall, JD.com and ByteDance-owned Douyin. Read more at straitstimes.com. Read more at straitstimes.com.

Net income dropped 12% year over year to $4 billion, but analysts had expected a steeper decline

PDD Holdings stock rose premarket despite Q2 2026 revenue missing estimates. Read how EPS beat consensus and what's next for Temu's parent.