Shares drop after tech group warns on ‘intensified competition’

WTVB

Temu-owner PDD misses market estimates for Q3 revenue on weak consumer spending

US-listed shares of the e-commerce giant fell nearly 11% on Thursday following the announcement.

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BBC News

Government of the United Kingdom

United Kingdom

Temu owner misses sales forecast as China economy slows

PDD’s results, including a 66 per cent jump in net revenue, outperformed rivals, but it did not allay investor concerns amid e-commerce competition.

South China Morning Post

Alibaba Group

Hong Kong

Temu owner PDD sees 10% plunge in pre-market trading despite 44% revenue growth

(Reuters) -China’s PDD Holdings fell short of market estimates for third-quarter revenue on Thursday, in a sign that promotional offers and discounts were not enough to lure cost-conscious consumers to its e-commerce platform. PDD’s U.S.-listed shares fell more than 14% in premarket trading. Higher unemployment rate among youth and a property sector crisis have taken a toll on consumer confidence, knocking sales at Pinduoduo, PDD’s domestic onli…

Midwest Communications

PDD Holdings, the parent company of e-commerce group Temu, failed to meet market expectations with its turnover and profit last quarter. Promotions and discounts at the Chinese group failed to entice price-conscious consumers, particularly in China itself, to spend as much on e-commerce platforms as experts had widely anticipated.

PDD Holdings, het moederbedrijf van webwinkelconcern Temu, is er afgelopen kwartaal niet in geslaagd om met zijn omzet en winst aan de marktverwachtingen te voldoen. Promoties en kortingen bij het Chinese concern wisten prijsbewuste consumenten in met name China zelf er niet toe te verleiden om zoveel uit te geven op de e-commerceplatforms als alom door kenners was voorzien.

Moeder webwinkel Temu kampt met zwakke verkopen in China zelf

rd.nl

Apeldoorn

Gelderland

Netherlands

Mother of web shop Temu struggles with weak sales in China itself

Financial Times

Nikkei Inc.

London

Greater London

England

Temu owner PDD misses sales estimates amid China slowdown

DISCOUNT e-commerce player PDD Holdings fell short of market estimates for third-quarter revenue and profit on Thursday (Nov 21), as its low prices did not persuade cost-conscious consumers to spend as much as expected on its platforms.

Business Times

Temu owner PDD misses revenue and profit estimates as consumers struggle

The Chinese parent company of the Temu shopping platform has once again posted significant increases in sales and profits. However, according to business data from Thursday, PDD Holding's growth rates are now slowing down noticeably.

Der chinesische Mutterkonzern der Shoppingplattform Temu hat erneut deutliche Umsatz- und Gewinnsteigerungen verbucht. Die Wachstumsraten der PDD Holding verlangsamen sich den Geschäftsdaten vom Donnerstag zufolge mittlerweile jedoch spürbar.

Chinesischer Temu-Konzern wächst langsamer

epochtimes.de

Chinese Temu Group is growing more slowly

Latest (Reuters) -China's PDD Holdings fell short of market estimates for third-quarter revenue and profit on Thursday, as promotional offers and discounts

overpassesforamerica.com

Temu owner PDD misses revenue and profit estimates as consumers struggle - Overpasses For America

The Chinese group PDD Holdings, matrix of the Temu e-commerce platform, obtained a net profit attributed to 11,744 million dollars in the first nine months of 2024. This sum represents a 131% advance on the profits counted in the same period of 2023. Thus reported the company, which attributed to [...] The news The owner of Temu gains a 131% more until September aparece primero en El Diario Ecuador.

El grupo chino PDD Holdings, matriz de la plataforma de comercio electrónico Temu, obtuvo un beneficio neto atribuido de 11.744 millones de dólares en los nueve primeros meses de 2024. Esta suma representa un avance del 131% respecto de las ganancias contabilizadas en el mismo periodo del 2023. Así informó la empresa, que atribuyó a […] La noticia El dueño de Temu gana un 131% más hasta septiembre aparece primero en El Diario Ecuador.

Temu owner PDD misses sales estimates amid China slowdown

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