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 …

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 …

Source: TechMeme
Source Link: http://www.techmeme.com/231128/p16#a231128p16