Eleanor Olcott / Financial Times:

US-listed PDD, which runs Temu and Pinduoduo, reports Q4 revenue up 123% YoY to ~$12.5B and operating profit up 146% YoY to ~$3.2B, boosted by merchant fees  —  Profits at Nasdaq-listed Chinese ecommerce group soar 146% in three months to December  —  Chinese ecommerce group PDD Holdings …

Eleanor Olcott / Financial Times:

US-listed PDD, which runs Temu and Pinduoduo, reports Q4 revenue up 123% YoY to ~$12.5B and operating profit up 146% YoY to ~$3.2B, boosted by merchant fees  —  Profits at Nasdaq-listed Chinese ecommerce group soar 146% in three months to December  —  Chinese ecommerce group PDD Holdings …

Source: TechMeme
Source Link: http://www.techmeme.com/240320/p23#a240320p23