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PDD Holdings, owner of Temu and Pinduoduo, surpassed revenue expectations in the second quarter of 2025, surging by 7 percent to ¥103.98.
By , in Asia, World, Economy · 30 Aug 2025, 16:31 · 0 Comments
Its U.S.-listed shares rose by 1 percent, having jumped more than 11 percent in premarket trading, but net profit declined due to increased spending amid fierce competition.
The company is investing heavily in marketing, logistics and US-based inventory to counter tariffs and rivals.
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