PDD Holdings Inc (NASDAQ:PDD) reported fiscal first-quarter 2024 revenue growth of 131% year-on-year to $12.02 billion (86.81 billion Chinese yuan), beating the analyst consensus estimate of $10.65 billion. The Chinese online retailer’s adjusted earnings per ADS of $2.83 (CNY20.72) increased from CNY6.92 Y/Y, beating the analyst consensus estimate of $1.42. Revenues from online marketing services and others rose 56% Y/Y to $5.88 billion. Also Read: Why Are Chinese Stocks Including Baidu, JD And
Temu owner Pinduoduo says it has tripled its net profit in first quarter of 2024 news.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news.com.au Daily Mail and Mail on Sunday newspapers.
DUBLIN and SHANGHAI, May 22, 2024 PDD Holdings Inc. , today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Total revenues.