Shares of PDD Holdings (NASDAQ:PDD), formerly known as Pinduoduo, saw a significant increase of nearly 15% pre-market today following the announcement of their third-quarter sales, which exceeded expectations.

For the quarter ending September 30, PDD reported a revenue of 68.84 billion yuan (approximately $9.44 billion), surpassing the Street estimate of 54.87 billion yuan. The company’s adjusted earnings per American depositary receipt were 11.61 yuan (around $1.55), also exceeding the forecasted 8.81 yuan.

This financial success is partly attributed to the rising popularity of PDD’s Temu e-commerce application, launched in 2022. Temu, known for offering significantly discounted products shipped directly from China, has gained substantial traction.

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

× ¿Cómo puedo ayudarte?