Temu-owner PDD Holdings posts 9% jump in quarterly revenue

Reuters

2025/11/18

Nov 18 (Reuters) - China's PDD Holdings PDD.O reported a 9% jump in quarterly revenue on Tuesday, in a sign the value-focused e-commerce firm's moves to slash prices and offer steep discounts were bolstering demand in its home market.

The Temu owner reported revenue of 108.28 billion yuan ($15.23 billion) in the third quarter ended September 30, compared with the 108.41 billion yuan average of 15 analyst estimates compiled by LSEG.

($1 = 7.1111 Chinese yuan renminbi)

(Reporting by Deborah Sophia in Bengaluru; Editing by Leroy Leo and Kevin Buckland)

((DeborahMary.Sophia@thomsonreuters.com;))

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