PDD Holdings Inc, parent company of online marketplace Temu, announced a 7% increase in its second-quarter 2025 revenue to 103.98 billion yuan, or about $14.5 billion, surpassing the analyst consensus estimate of 102.7 billion yuan supplied by FactSet.
The Chinese e-commerce giant’s net income for the period, though, slipped 5% to 22.07 yuan, or $3.08, per share although it still exceeded the 15.53 yuan Wall Street consensus.
PDD Holdings’ profitability has been pressured by slower consumer spending in China and an increase in international competition.
Despite this, the company said it remains focused on long-term growth, while continuing to invest in merchant support and platform sustainability.
PDD Holdings operates the Pinduoduo platform in China and the international Temu marketplace.
American Depositary Receipt (ADR) shares of PDD moved up 0.8% in late-morning trading on Monday.