Temu-owner PDD tops quarterly revenue estimates, margin squeeze continues
The logo of Temu, an e-commerce platform owned by PDD Holdings, is seen on a mobile phone displayed in front of its website, in this illustration picture taken April 26, 2023. REUTERS/Florence Lo/Illustration Purchase Licensing Rights, opens new tabAug 25 (Reuters) - E-commerce firm PDD Holdings (PDD.O), opens new tab, which operates low-cost platforms Pinduoduo in China and Temu internationally, easily beat market estimates for quarterly revenue on Monday, although net profit fell due to invest...
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