Wall Street Journal · Tracy Qu ·

Temu and Pinduoduo owner PDD reports Q2 revenue up 8.1% YoY to ~$16.72B, missing est. of ~$17.17B, and net profit down 12% YoY to ~$4.04B, above ~$3.63B est.

Rising competition from livestreaming and social e-commerce is challenging PDD's market position

In this story PDD Temu

Temu and Pinduoduo owner PDD reports Q2 revenue up 8.1% YoY to ~$16.72B, missing est. of ~$17.17B, and net profit down 12% YoY to ~$4.04B, above ~$3.63B est.

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Wall Street Journal — Temu and Pinduoduo owner PDD reports Q2 revenue up 8.1% YoY to ~$16.72B, missing est. of ~$17.17B, and net profit down 12% YoY to ~$4.04B, above ~$3.63B est. ↗

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Bloomberg: Bloomberg

PDD: PDD

Quartz: Quartz

MarketWatch: MarketWatch

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