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Temu owner PDD reports Q1 revenue up 11% YoY to ~15.7B, below ~16.2B est., net profit down 15% to ~1.85B, below ~3.4B est., amid fierce competition in China (Wall Street Journal)
Wall Street Journal: Temu owner PDD reports Q1 revenue up 11% YoY to ~15.7B, below ~16.2B est., net profit down 15% to ~1.85B, below ~3.4B est., amid fierce competition in China — The company is rolli
Wall Street Journal: Temu owner PDD reports Q1 revenue up 11% YoY to ~15.7B, below ~16.2B est., net profit down 15% to ~1.85B, below ~3.4B est., amid fierce competition in China — The company is rolling out more support initiatives to prevent merchants from defecting to other platforms
Source: Techmeme | 2026-05-27