Temu-owner PDD misses revenue estimates-March 2024-www.financetom.com

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Temu-owner PDD misses revenue estimates

Mar 25, 2026 4:05 AM

March 25 (Reuters) - Discount e-commerce player PDD

Holdings ( PDD ) missed market estimates for quarterly revenue

on Wednesday, as subdued consumer spending weighed on its

Chinese platform, Pinduoduo, overshadowing robust growth at its

overseas marketplace Temu.

The company reported revenue of 123.9 billion yuan ($17.96

billion) for the fourth quarter, compared with analysts' average

estimate of 124.4 billion yuan, according to LSEG data.

($1 = 6.8988 Chinese yuan renminbi)

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