06:59 AM EDT, 05/22/2024 (MT Newswires) -- PDD Holdings ( PDD ) reported Q1 non-GAAP earnings Wednesday of 20.72 Chinese renminbi ($2.83) per diluted American depositary share, up from 6.92 renminbi a year earlier.

Analysts polled by Capital IQ expected 10.38 renminbi.

Revenue for the quarter ended March 31 was 86.81 billion renminbi compared with 37.64 billion renminbi a year earlier.

Analysts polled by Capital IQ expected 76.56 billion renminbi.

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