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BRIEF: PDD profit tumbles, shares sink

Bargain e-commerce platform operator PDD Holdings (PDD.US) reported Tuesday that its first-quarter revenue rose 10% year-over-year to 95.67 billion yuan ($13.2 billion), falling short of market expectations for 101.6 billion…
PDD’s momentum stymied in Southeast Asia, but low valuation makes the stock resilient

Beaten down PDD ends 2024 with Southeast Asian setbacks

The e-commerce giant’s Temu overseas arm, along with fast-fashion sensation Shein, have been ordered to suspend their operations in Vietnam Key Takeaways: After being blocked in Indonesia, PDD’s overseas Temu…