Temu-parent PDD Holdings beats first-quarter revenue estimates
Yahoo Finance -

(Reuters) -PDD Holdings beat first-quarter revenue estimates on Wednesday, powered by strong adoption of its international shopping site, Temu, and as its Chinese discount e-commerce platform Pinduoduo attracted more customers. The company's revenue rose 131% to 86.81 billion yuan ($11.99 billion) in the first quarter, compared with analysts' average estimate of 75.66 billion yuan, based on LSEG data. PDD's shares were up nearly 7% in pre-market trading.

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