PDD Holdings, parent of budget shopping app Temu, saw Q2 revenue rise 7% to $14.5 billion, exceeding forecasts.

PDD Holdings, parent company of the bargain shopping app Temu, reported a 7% revenue increase to $14.5 billion for Q2 2025, beating market expectations. Despite this growth, the company's net profit fell due to increased investments in platform improvements and competition. PDD's stock initially rose by 12%, reflecting optimism about the revenue figures. The company is focused on long-term growth strategies, including expanding its presence in international markets and improving logistics and technology infrastructure, despite short-term margin pressures.