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Stock of the Day: Temu parent PDD falls 5% as revenue misses estimates and growth slows [Yahoo! Finance]

Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am
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US:NASDAQ Investor Relations: ir.jd.com
US tariffs are a growing headwind for the Chinese e-commerce firm. The move: US-listed shares of PDD Holdings sank 5% in premarket trading Thursday. The company's American depository receipts are up 33.4% for the year. The chart: Why: The Chinese e-commerce firm, which owns the popular online marketplace Temu, disappointed investors with underwhelming quarterly revenue, suggesting lackluster demand and rising trade difficulties. Revenue reached 110.61 billion yuan in the December quarter, missing consensus expectations of 115.38 billion yuan. The quarter marked the slowest revenue growth since 2022. Investors grew confident in a better outcome as China's government focused on policies to boost domestic spending. The country's economy is increasingly looking to consumers to offset growth headwinds from US tariffs, though demand remains low since the country has struggled to recover after the pandemic. PDD also faces strong competition from local peers Alibaba and JD.com, w
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