PDD Holdings Focuses on Expansion Rather Than Profit
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PDD Holdings Inc. (NASDAQ: PDD) is a Chinese trading company that operates a range of e-commerce platforms, including Pinduoduo and Temu. On May 27, 2025, the company reported its figures for Q1 2025. Revenue growth despite declining profits PDD Holdings was able to increase its total revenue by 10% in the first quarter compared to the previous year. The revenues amounted to approximately RMB 95.7 billion, which is about $13.2 billion. The main drivers were a 15% increase in online marketing services and moderate growth of 6% in transaction...
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