Will's Blog: PDD, which runs Temu and Pinduoduo, reports Q3 revenue up 94% YoY to ~$9.6B vs. ~$7.7B est., and net income up 47%, after grabbing Shein users; PDD jumps 15%+ (Jane Zhang/Bloomberg)

28 November 2023

PDD, which runs Temu and Pinduoduo, reports Q3 revenue up 94% YoY to ~$9.6B vs. ~$7.7B est., and net income up 47%, after grabbing Shein users; PDD jumps 15%+ (Jane Zhang/Bloomberg)

Jane Zhang / Bloomberg:
PDD, which runs Temu and Pinduoduo, reports Q3 revenue up 94% YoY to ~$9.6B vs. ~$7.7B est., and net income up 47%, after grabbing Shein users; PDD jumps 15%+ — PDD Holdings Inc.'s revenue beat expectations, almost doubling after the company behind hit shopping app Temu ramped up discounts …

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