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PDD Profit Falls and Revenue Misses Estimates

Temu owner PDD Holdings reported a twelve percent drop in second-quarter profit and revenue that missed analyst estimates. Intense domestic competition and rising regulatory pressures overseas weighed on growth.

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Temu logo is seen in this illustration taken, Bosnia and Herzegovina May 4, 2025. REUTERS/Dado Ruvic/Illustration

PDD HOLDINGS INC reported second-quarter revenue rose 8% to 112.36 billion yuan ($15.7 billion) on Monday morning, missing the average estimate of 116.35 billion yuan.
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