By Arsheeya Bajwa and Casey Hall

May 27 (Reuters) - Chinese e-commerce firm PDD Holdings ( PDD )

missed Wall Street estimates for first-quarter revenue

on Tuesday, as its domestic platform suffered from persistently

weak consumer sentiment and its international business was hit

by global trade uncertainty.

U.S.-listed shares of the company fell more than 15% in

premarket trading.

Despite deep price cuts by retailers and government stimulus

measures to boost spending, a prolonged property crisis in the

world's second-largest economy has cast a shadow over consumer

spending in China, even on PDD's Pinduoduo, which has

out-performed peers with its low-price focus.

China's largest online e-commerce platforms - Alibaba ( BABA )

, Pinduoduo and JD.com ( JD ) - have been scrambling

for a greater share of the domestic market, sparking a

long-running price war to entice consumers to open their

wallets.

Alibaba's ( BABA ) quarterly revenue also missed estimates, although

JD.com ( JD ) notched a beat, buoyed by a government trade-in scheme

focused on its strongest categories, including home appliances

and electronics.

Both Pinduoduo and global site Temu leverage PDD's extensive

network of suppliers in China to provide products at low prices.

PDD reported revenue of 95.67 billion yuan ($13.30 billion)

for the quarter ended March 31, compared with analysts' average

estimate of 102.51 billion yuan, according to data compiled by

LSEG.

Net income fell 47% to 14.74 billion yuan from 28 billion

yuan a year earlier.

The United States and China's tit-for-tat tariff escalation,

followed by a temporary 90-day de-escalation has generated

widespread uncertainty.

The U.S. earlier this month slashed tariff rates for goods

from China valued at under $800 entering the country under the

"de minimis" provision, a trade exemption leveraged by Temu to

avoid tariffs and keep prices low. But shifting global trade

policy might make it difficult for Temu to avoid price increases

in future.

($1 = 7.1949 Chinese yuan renminbi)