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September 7, 2024 at 6:05 AM. It has been a turbulent week for Pinduoduo 's (NASDAQ: PDD) investors. Despite reporting an 86% growth in its top line in the latest-quarter earnings, the leading e ...
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 ...
September 24, 2024 at 12:50 PM. 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 ...
In recent years its domestic marketplace Pinduoduo has become a formidable rival to Alibaba’s Taobao, offering a wide range of low-cost products and deep shopper discounts, though its traction ...
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. In contrast, Alibaba’s revenue rose 9% to $30.81 ...
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 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 ...
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