TechWall Street Journal2h ago
Temu owner PDD reports Q1 revenue up 11% YoY
Temu owner PDD reports Q1 revenue up 11% YoY to ~$15.7B, below ~$16.2B est., net profit down 15% to ~$1.85B, below ~$3.4B est., amid fierce competition in China
The company is rolling out more support initiatives to prevent merchants from defecting to other platforms
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