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flag PDD Holdings, parent of Temu, sees profits nearly halve, missing revenue forecasts and facing stock drop.

flag PDD Holdings, the parent company of online shopping platform Temu, reported a significant drop in profits, with earnings nearly halving. flag The company also missed Wall Street's revenue expectations, showing the slowest revenue growth in three years. flag PDD's stock fell 18% following the weak earnings report, facing challenges both domestically and internationally, possibly exacerbated by trade tariffs.

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