PDD

Temu owner PDD reports Q1 revenue up 11% YoY to ~$15.7B, below ~$16.2B est., net profit down 15% to ~$1.85B, below ~$3.4B est.; PDD closes down 10.38%

The company is rolling out more support initiatives to prevent merchants from defecting to other platforms

Temu owner PDD reports Q4 revenue up 12% YoY to ~$18B and net profit down 11% YoY to ~$3.56B, below ~$4B est., as it seeks to retain merchants on its platform

Temu owner PDD reports Q4 revenue up 12% YoY to ~$18B and net profit down 11% YoY to ~$3.56B, below ~$4B est., as it seeks to retain merchants on its platform

The comphad cautioned that its performance could fluctuate as it rolled out support to keep merchants from defecting to other platforms

A look at China's “genius class” system, which picks ~100K gifted teens annually for elite science-focused schooling; its alumni span ByteDance, PDD, and more

Sources: China broadens its probe into Temu owner PDD, dispatching 100+ investigators to its Shanghai HQ, after staff exchanged physical blows with regulators

China has broadened a probe into PDD Holdings Inc. after its employees exchanged blows with regulators, dispatching over 100 investigators …

Sources: Pinduoduo and Temu owner PDD fires dozens following a fistfight between employees and Chinese officials probing fraudulent deliveries on its platform

Bloomberg :

PDD, which owns Pinduoduo and Temu, reports Q3 revenue up 9% YoY to ~$15.2B, above ~$15.1B est., and net income up 17% YoY to ~$4.1B, as it weathers US tariffs

Bloomberg :

Temu-owner PDD reports Q1 revenue up 10% YoY to ~$13.3B, below ~$14.4B est., and says it is fulfilling US orders exclusively via local warehouses and merchants

Luz Ding / Bloomberg :

PDD-owned Pinduoduo says it plans to allocate ~$13.76B over the next three years to support its merchants, following other Chinese e-commerce companies' efforts

Tracy Qu / Wall Street Journal :

Temu-owner PDD reports Q4 revenue up 24% YoY to ~$15.3B, below est., and net income up 18% YoY to ~$3.8B, amid intensifying domestic competition and US tariffs

Luz Ding / Bloomberg :