Financial PerformancePDD Holdings reported a revenue increase of 9.0% year over year, which was 1% better than Bloomberg consensus estimates, driven by a 7% beat in transaction services fees.
International GrowthTemu’s growth is increasingly diversified beyond the US, with Europe emerging as a key driver.
ProfitabilityOperating profit and non-GAAP net profit increased by 3.0% and 14.3% year over year, respectively, driven by optimized operating expenses and significant interest and investment income.