Temu-owner PDD reports 44% rise in Q3 revenue; misses market estimates-February 2024-www.financetom.com

Temu-owner PDD reports 44% rise in Q3 revenue; misses market estimates

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Temu-owner PDD reports 44% rise in Q3 revenue; misses market estimates

Nov 21, 2024 6:28 PM

Nov 21 (Reuters) - China's PDD Holdings ( PDD ) reported

a 44% rise in third-quarter revenue on Thursday, but still fell

short of market estimates.

Revenue reached 99.35 billion yuan ($13.72 billion) for the

three months ended Sept. 30. That compared with the 102.65

billion yuan average of 17 analyst estimates compiled by LSEG.

($1 = 7.2409 Chinese yuan renminbi)

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