Temu-owner PDD misses revenue estimates

Reuters

昨天

March 25 (Reuters) - Discount e-commerce player PDD Holdings PDD.O missed market estimates for quarterly revenue on Wednesday, as subdued consumer spending weighed on its Chinese platform, Pinduoduo, overshadowing robust growth at its overseas marketplace Temu.

The company reported revenue of 123.9 billion yuan ($17.96 billion) for the fourth quarter, compared with analysts' average estimate of 124.4 billion yuan, according to LSEG data.

($1 = 6.8988 Chinese yuan renminbi)

(Reporting by Kritika Lamba in Bengaluru; Editing by Maju Samuel)

((Kritika.Lamba@thomsonreuters.com;))

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Editing by Maju Samuel)</p><p> ((Kritika.Lamba@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0605514214.HKD","symbol_name":"FIDELITY CHINA CONSUMER \"A\" (HKD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260325:nL4N40D0TO:1","article_id":"2622222810","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2622222810","pubTimestamp":1774434910,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Temu-owner PDD misses revenue estimatesMarch 25  - Discount e-commerce player PDD Holdings PDD.O missed market estimates for quarterly revenue on Wednesday, as subdued consumer spending weighed on its Chinese platform, Pinduoduo, overshadowing robust growth at its overseas marketplace Temu.The company reported revenue of 123.9 billion yuan  for the fourth quarter, compared with analysts' average estimate of 124.4 billion yuan, according to LSEG data.  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