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    Temu owner PDD misses quarterly revenue estimates

    Picture of PDD Holdings logoPDD Holdings
    24/08/2026 11:33
    Temu owner PDD misses quarterly revenue estimates
    Aug 24 (Reuters) - Chinese e-commerce discounter PDD Holdings PDD.O on Monday reported an 8% rise in second-quarter revenue, missing market estimates, hampered by price competition at home and regulatory challenges abroad.
    The operator of Pinduoduo in China and Temu elsewhere reported revenue of 112.36 billion yuan ($16.71 billion) for the three months through June 30, versus analysts' average estimate of 116.35 billion yuan, according to data compiled by LSEG.    

    ($1 = 6.7225 Chinese yuan renminbi)

     (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Pooja Desai and Christopher Cushing)
     ((HarshitaMary.Varghese@thomsonreuters.com;))

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