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Technology

PDD Stock Falls As Temu Parent's Growth Slows Further

Investor's Business Daily
Summary
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87% Informative

Chinese e-commerce company PDD Holdings reported mixed fourth-quarter results early Thursday .

Earnings beat investor forecasts but sales fell short, as the company's growth rate slowed further from triple-digit levels at the start of last year .

PDD stock has gained 30% this year amid a rally for China tech stocks.

Amazon has launched a discount-focused challenger to Temu that operates with a similar direct-from- China model.

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93

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formal

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English

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46

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short-lived

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