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Shares of PDD Holdings (NASDAQ: PDD), the parent of Pinduoduo and Temu, were among the Chinese stocks gaining today in response to an emergency rate cut that is expected to give a much-needed ...
Pinduoduo's stock declined by 30% despite reporting solid growth. It has been a turbulent week for Pinduoduo's (NASDAQ: PDD) investors. Despite reporting an 86% growth in its top line in the ...
Image source: Getty Images. 1. Temu's success is not a sure thing yet. Pinduoduo, an up-and-coming e-commerce platform in China, has shocked its competitors after growing at breathtaking speed to ...
The e-commerce upstart has a big goal: selling $145 billion worth of agricultural products annually by 2025. It seems to be on track. The firm’s gross merchant volume, an e-commerce metric for ...
China's stock market reacted positively to the news. The CSI 300 ( 000300.SS ), Shanghai Composite ( 000001.SS ), and Hang Seng Index ( ^HSI ) all rose more than 4%.
The two company’s results are starkly different. In Q3 2023, PDD’s revenue rose 94% to $9.44 billion from a year earlier, and its net income increased 47% to $2.13 billion in the same period ...
Pinduoduo was founded in 2015 by Chinese businessman and software engineer Colin Huang and initially focused on the agriculture industry. [5] [6]On 7 June 2018, Legal Evening News reported that Pinduoduo investigated and shut down stores and removed listings that violated its platform policy against pornography and violence, following an earlier report by the newspaper.
August 26, 2024 at 12:30 PM. Shares of PDD Holdings (NASDAQ: PDD) were tumbling today after the Chinese e-commerce company and owner of Pinduoduo and Temu posted disappointing revenue growth in ...