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PDD Holdings revenue missed estimates as weak China spending hurt Pinduoduo despite Temu growth.
PDD Holdings reported fourth-quarter revenue of 123.9 billion yuan, slightly missing analyst estimates, as weak consumer spending in China weighed on its domestic platform, Pinduoduo, despite strong growth from its international marketplace, Temu.
The company posted net income of 24.5 billion yuan, an 11% decline from the previous year.
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Los ingresos de PDD Holdings no alcanzaron las estimaciones ya que el débil gasto chino perjudicó a Pinduoduo a pesar del crecimiento de Temu.