Temu-operator PDD Holdings beats first-quarter revenue estimates-February 2024-www.financetom.com

Temu-operator PDD Holdings beats first-quarter revenue estimates

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Temu-operator PDD Holdings beats first-quarter revenue estimates

May 22, 2024 3:51 AM

May 22 (Reuters) - PDD Holdings ( PDD ) beat

first-quarter revenue estimates on Wednesday, powered by strong

adoption of its international shopping site, Temu, and as

Chinese domestic discount e-commerce platform Pinduoduo

attracted more price-conscious customers.

The company's revenue was at 86.81 billion yuan ($11.99

billion) in the first quarter, compared with analysts' average

estimate of 75.66 billion yuan, according to LSEG data.

($1 = 7.2396 Chinese yuan renminbi)

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