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<Results>Temu's Parent Co., PDD (PDD.US), Dips 10% as 3Q Rev./ NP Miss
Temu's parent company, PDD Holdings Inc. (PDD.US), descended 10% on Thursday, the weakest among the constituents of Nasdaq 100, as its 3Q24 revenue missed expectations.3Q24 rev...
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<Results>Temu's Parent Co., PDD (PDD.US), Dips 10% as 3Q Rev./ NP Miss
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Temu's parent company, PDD Holdings Inc. (PDD.US)      , descended 10% on Thursday, the weakest among the constituents of Nasdaq 100, as its 3Q24 revenue missed expectations.

3Q24 revenue rose 44% YoY to RMB99.35 billion, below market consensus of RMB102.4 billion, according to PDD. Net profit increased 61% YoY to RMB24.98 billion, below analysts' estimation of RMB26.75 billion.

Related News Jefferies Lowers TP for Meitu (01357.HK) to HKD7, Maintains 'Buy' Rating
Apart from BABA-W (09988.HK)  -4.200 (-3.423%)    Short selling $1.80B; Ratio 62.850%   (BABA.US)      , PDD also faces competition from Chinese fast-fashion retailers Shein and Amazon.com (AMZN.US)      , which recently launched its discount brand, Haul.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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