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1014 PDD Shares Fall As Sales Slowdown Continues

The Information
Ann Gehan @ The Information · 11/21/2024 10:32 EDT

PDD Holdings said its revenue grew 44% year-on-year to $14.16 billion in the September quarter, a sharp slowdown from an 86% increase the same period a year earlier. The China-founded Temu parent company cited “intensified competition and ongoing external challenges” as a reason for the slowing ...

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