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DeepNewz, mobile.
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PDD Holdings, the parent company of Temu, reported disappointing third-quarter earnings, with revenue growth slowing to its lowest rate in over two years. The company posted a 44% year-over-year revenue increase, reaching $14.16 billion, but this fell short of market expectations, leading to a nearly 11% drop in its stock price. Analysts noted that PDD is facing challenges in maintaining competitive margins and transparency, particularly as it attempts to improve its international business through Temu. The earnings call revealed a lack of specific financial details regarding Temu, with management focusing on enhancing the shopping experience and compliance. The overall sentiment suggests that PDD is struggling to keep pace with rivals like Alibaba Group and is under scrutiny in various markets, including Europe.
$PDD stock again in free fall I think the underlying business is good (some think it’s a fraud, I give the benefit of doubt) But their communication is horrible Not saying like Michael Saylor way of selling BTC at triple price but at least try to create some buzz!! https://t.co/hBABtMmwOt
Doing some work on $PDD. How are you guys getting comfortable with the transparency? Feels like transparency is extremely low at this company. Also, reading quite a bit about how Temu is coming under increasing scrutiny is many (European) countries. Don't get me wrong -… https://t.co/4gkcsD7tLs
This is a good take on $PDD. My 2c. 3 things are going on: 1) Took much value from merchants 2) PDD is moving up-market to higher quality merchants (more competitive tier) 3) Temu semi-managed model implementation is lower GP margin, higher Net margin. Marketplaces with… https://t.co/pcCT1bY1cY
