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Pinduoduo (PDD.US) Tumbles 7%+, Expects Global Uncertainty to Impact Short- and Long-term Financial Performance
Recommend 1 Positive 2 Negative 5 |
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E-commerce platform Temu's parent company Pinduoduo (PDD.US) reported a YoY increase of 14% in its 3Q25 adjusted net profit to RMB31.38 billion. Its adjusted EPS of RMB21.08 was above the expected RMB16.84, but its revenue of RMB108.28 billion fell short of the market consensus. Chen Lei, Pinduoduo's Co-CEO, commented that as the current international environment is becoming increasingly complex, trade policies, taxation, data, and product compliance regulations across various countries and regions have seen seismic changes. These changes have posed greater challenges and uncertainties for Pinduoduo and may affect both short- and long-term financial performance. Pinduoduo's stock price was under tremendous pressure overnight (19th). It closed down 7.33% at USD119.58. AAStocks Financial News |
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