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Temu-owner PDD Holdings' revenues hit by intense China competition and challenges abroad
PDD Holdings, which operates e-commerce platform Temu, missed market estimates for quarterly revenue on Thursday, as demand remained weak in China despite deep discounts and government stimulus to boost spending.
PDD Holdings, which operates e-commerce platform Temu, missed market estimates for quarterly revenue on Thursday, as demand remained weak in China despite deep discounts and government stimulus to boost spending.
