Temu-Owner PDD Soars 13% After Sales Beat Despite Chinese Gloom
(Bloomberg) -- PDD Holdings Inc. revenue rose a stronger-than-expected 66% after the company behind hit shopping app Temu spent to boost growth at home and abroad to counter a bumpy post-pandemic recovery.Most Read from BloombergCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesWhat to Do With a 45-Story Skyscraper and No TenantsPutin Agrees to Visit China in First Trip Since Arrest WarrantAuto Union Boss Wants 46% Raise, 32-Hour Work Week in ‘War’ Against Detroit CarmakersGoldman
Source: yahoo.com