In Q4 2023, Chinese e-commerce platform PDD Holdings reported a 123% revenue increase to $12.52bn, exceeding consensus, with adjusted earnings per ADS at $2.

Chinese e-commerce platform PDD Holdings reported a 123% increase in Q4 2023 revenue to $12.52bn, compared to the consensus of $11.01bn. Adjusted earnings per ADS increased to $2.40 from $8.34 in the previous year, beating the consensus of $1.60. Revenues from online marketing services and others rose 57%, while transaction services revenue jumped 357%. PDD shares gained 62% in 2022 and have increased 15.7% following the positive quarterly report.

March 20, 2024
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