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Temu owner PDD reports Q2 revenue up 8.1% YoY to ~$16.72B, missing estimate of ~$17.17B, net profit down 12% YoY to ~$4.04B, above ~$3.63B estimate (Tracy Qu/Wall Street Journal)

Rising competition from livestreaming and social e-commerce is challenging PDD's market position — The Chinese owner of bargain-shopping …

We haven't written up this one. Techmeme has the full story — the link below goes straight to it.

Read the original at wsj.com →

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