Reported 1 day ago
PDD Holdings Inc. shares rose 4% after reporting an unexpected 18% increase in earnings, despite lower-than-expected revenue of 110.6 billion yuan. The results alleviated investor fears about the impact of US tariffs and stiff domestic competition on the company's performance. Analysts noted that the earnings surpassing expectations should bolster market confidence in PDD’s outlook for 2025, although challenges from global uncertainties and heightened competition remain.
Source: YAHOO