1306 ET - PDD Holdings, the parent company of discount retailer Temu, plans to beef up its investment in its supply chain, including better shipping to rural areas in China and support for merchants looking to improve their product quality. Co-Chief Executive Jiazhen Zhao tells analysts on a call that PDD plans on "leveraging our strength in the supply chain accumulated over the years with a reinvented platform and propelled ecosystem up the value chain." He also says PDD is prioritizing long-term investments even if it means choppiness in short-term financial results, following a surprise drop in its 4Q profit. PDD ADRs are up 6.7%. (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

March 25, 2026 13:06 ET (17:06 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.