Temu-owner PDD reports 44% rise in Q3 revenue; misses market estimates

Temu-owner PDD reports 44% rise in Q3 revenue; misses market estimates

November 21, 2024 / Swedan Margen /


CHINA’S PDD Holdings reported a 44 per cent rise in third-quarter revenue on Thursday (Nov 21), but still fell short of market estimates.

Revenue reached 99.35 billion yuan (S$18.4 billion) for the three months ended Sep 30. That compared with the 102.65 billion yuan average of 17 analyst estimates compiled by LSEG. REUTERS

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