PDD Holdings, which owns budget e-commerce apps Pinduoduo and Temu, on Monday posted RMB 39.82 billion ($5.77 billion) in revenue for the fourth quarter of 2022. This represents a 46% increase compared to the same period in 2021, but still fell short of market expectations, sending the company’s Nasdaq-listed shares down over 14% at Monday’s[…[…
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