China-based e-commerce company PDD Holdings (PDD) reported mixed Q2 2025 results. Revenue rose 7% year-over-year to ¥103.98 billion, just above estimates of ¥103.2 billion. However, higher spending to counter rising competition weighed on net profit. Following the announcement, PDD stock gained over 7% in pre-market trading as of this writing on Monday.
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For context, PDD Holdings operates discount shopping platform Pinduoduo and global marketplace Temu, focusing on affordable products.