Pinduoduo

Sources: Pinduoduo and Temu owner PDD fires dozens following a fistfight between employees and Chinese officials probing fraudulent deliveries on its platform

Bloomberg :

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 :

Douyin, Pinduoduo, and Xiaohongshu vow to improve their algorithms, after China launched a campaign in November 2024 to address “typical issues with algorithms”

ByteDance's Douyin, PDD's Pinduoduo, and Xiaohongshu have promised to address issues related to the misuse of algorithms

How Chinese e-commerce companies like Pinduoduo pushing to lower prices are making China's deflation worse; HSBC says ~60% of Chinese consumers use e-commerce

New York Times : X: @michaelxpettis and @michaelxpettis X: Michael Pettis / @michaelxpettis : 2/2 Their activity forces a compression of business profits in favor of expanding real household income o...

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 :

The European Commission designates Temu as a “very large online platform” and says the company will have to comply with DSA rules by the end of September 2024

Temu, the super low-cost e-commerce marketplace owned by Chinese online retailer Pinduoduo, is to face …

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 :