Temu owner’s revenue beats expectations as online retail recovers

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PDD, the owner of cut-price shopping sites Pinduoduo and Temu, posted better-than-expected quarterly earnings on May 26, with total revenue increasing 58% from a year prior to RMB 37.6 billion ($5.48 billion) in the first quarter. The jump was primarily driven by strong growth in online marketing and e-commerce transactions…
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作者 gocpmall