On Thursday, Temu parent PDD Holdings Inc ( PDD )  shares are trading lower premarket on Thursday after the company reported fiscal fourth-quarter 2024 results. Revenue grew 24% year-on-year to $15.15 billion (110.61 billion Chinese yuan), missing the analyst consensus estimate of $15.68 billion. Revenues from online marketing services and others rose 17% Y/Y to $7.81 billion, and revenues from transaction services grew 33% Y/Y to $7.34 billion. Adjusted operating profit grew by 14% Y/Y to $3.84 billion. The Chinese...

08:14 AM EDT, 03/20/2025 (MT Newswires) -- Intermap Technologies ( ITMSF ) on Thursday said its global insurance business in 2025 surpassed US$1.1 million from new client subscriptions and multiple renewals. The company announced a new subscription with a bank-insurance group operating in five European countries. The group has adopted the latest generation of Intermap's ( ITMSF ) solution for...

08:07 AM EDT, 03/20/2025 (MT Newswires) -- 3 E Network Technology ( MASK ) said Thursday it has signed a memorandum of understanding to acquire a 4.9% equity stake in cloud mining technology firm HashBeaver, based on a pre-money valuation of $30 million. 3 E Network ( MASK ) said it aims to combine its business-to-business software capabilities with HashBeaver's...

08:14 AM EDT, 03/20/2025 (MT Newswires) -- Sunoco LP ( SUN ) said Thursday that it has launched a $750 million private offering of senior notes due 2033. The oil and gas distribution company said it will use the net proceeds to repay indebtedness, including redeeming in full NuStar Logistics' 5.750% senior notes due 2025, and to repay some of...