PDD Holdings Surges on Strong Q2 Earnings and Revenue Growth
Originally Published 4 months ago — by Investing.com
PDD Holdings' shares surged over 11% after reporting Q2 earnings that significantly beat analyst expectations, with adjusted earnings of RMB22.07 per ADS and revenue of RMB103.98 billion, despite a slowdown in revenue growth due to intense market competition and a decline in operating profit and net income.