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    PDD — PDD Holdings News Story

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    China's PDD misses quarterly revenue estimates

    Picture of PDD Holdings logoPDD Holdings
    27/05/2026 11:32
    China's PDD misses quarterly revenue estimates
    May 27 (Reuters) - Chinese e-commerce major PDD Holdings PDD.O missed market estimates for quarterly revenue on Wednesday, as lingering economic weakness dented demand at the company's domestic discount marketplace, Pinduoduo. 
    The company reported total revenue of 106.23 billion yuan  ($15.67 billion) in the first quarter ended March, compared with analysts' average estimate of 109.33 billion yuan, according to data compiled by LSEG. 
         

    ($1 = 6.7807 Chinese yuan renminbi)

     (Reporting by Deborah Sophia in Bengaluru; Editing by Shinjini Ganguli)
     ((DeborahMary.Sophia@thomsonreuters.com;))

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