Pinduoduo

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 :

PDD Holdings, which owns Pinduoduo and Temu, reports Q2 revenue up 7% YoY to ~$14.53B, above est., and net income down 5% YoY to ~$4.5B, driven by discounts

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 :

PDD, which runs Temu and Pinduoduo, reports Q2 revenue up 86% YoY to ~$13.6B, vs. ~$14B est., net income up 144% YoY to ~$4.5B, vs. $3.8B est.; PPD drops 28%+

Bloomberg :

Analysis: Temu and Pinduoduo parent PDD, whose shares are up 109% in the past year, has a ~$208B market cap, compared with Alibaba's $196B and JD.com's $48B

Sheila Chiang / CNBC :

US-listed PDD, which runs Temu and Pinduoduo, reports Q1 revenue up 131% YoY to ~$12B and operating profit up 275% YoY to ~$3.6B, as global expansion gains pace

Sarah Zheng / Bloomberg :

US-listed PDD, which runs Temu and Pinduoduo, reports Q4 revenue up 123% YoY to ~$12.5B and operating profit up 146% YoY to ~$3.2B, boosted by merchant fees

Eleanor Olcott / Financial Times :

A profile of PDD, Pinduoduo and Temu's parent company, which has grown rapidly since its founding in 2015, despite allegations of malware and counterfeit goods

Cissy Zhou / Nikkei Asia :

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%+

- Revenue almost doubled while profit jumped 47% last quarter  — Investors betting Temu will sustain momentum against rivals

Sensor Tower: Pinduoduo's marketplace Temu app had 10.8M US installations since September 1 and became the most downloaded US app from November 1 to December 14

Temu, a marketplace with deep discounts and copious coupons, has become the most downloaded mobile app in the U.S.  — Copy Link