PDD Holdings beats second quarter earnings expectations

PDD Holdings Inc. (NASDAQ:PDD) reported strong second-quarter earnings that surpassed analyst expectations, with adjusted earnings per ADS of RMB19.33 ($2.85) beating the consensus of RMB18.35 by RMB0.98. The company's revenue of RMB112.4 billion ($16.6 billion) slightly fell short of the estimated RMB113.9 billion but marked an 8% increase from the previous year's RMB104.0 billion.

PDD has been focusing on ecosystem investments and helping merchants thrive, with adjusted operating profit rising 5% year-over-year to RMB29.1 billion ($4.3 billion). However, adjusted net income attributable to ordinary shareholders declined 13% to RMB28.5 billion ($4.2 billion).

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