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PDD upgraded to Buy following epic revenue growth: Goldman Sachs

PDD upgraded to Buy following epic revenue growth: Goldman Sachs
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Pinduoduo: Americans are flocking to Temu and making its Chinese owner very rich

PDD Holdings, the owner of Temu and Pinduoduo, is blowing past market expectations with a massive surge in profit and revenue as American and Chinese consumers swarm its bargain shopping apps for low-cost products.

Bargain-hungry Americans are flocking to Temu and making its Chinese owner very rich

Hong Kong (CNN) — PDD Holdings, the owner of Temu and Pinduoduo, is blowing past market expectations with a massive surge in profit and revenue as American and Chinese consumers

PDD Holdings Inc (NASDAQ:PDD) Q1 2024 Earnings Call Transcript

Operator: Ladies and gentlemen, thank you for standing by, and welcome to PDD Holdings Inc. First Quarter 2024 Earnings Conference Call.

Bargain-hungry Americans flock to Temu, making its Chinese owner rich

PDD Holdings, the parent company of Temu and Pinduoduo, is exceeding market expectations with a significant increase in profit and revenue, driven by strong demand from American and Chinese consumers for its low-cost shopping apps. The Shanghai-based company reported a 246% increase in net profit, reaching 28 billion yuan ($3.9 billion) in the first quarter

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