Linkedin X-twitter
Search

+44 (0)20 7722 1221

[email protected]

VIEW OPPORTUNITIES

SHARE

Temu-parent PDD beats earnings expectations as discounts lift demand despite slower revenue growth 

The ecommerce group posted Q3 adjusted earnings of 21.08 yuan per share, ahead of forecasts, with adjusted net income rising to 31.38bn yuan. Revenue grew 9% as PDD continued heavy promotions, which it says will keep results volatile in coming quarters.
Read the full article.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.