Online & Digital
Temu owner PDD sees shares plummet 29% despite strong Q2 results
However, the group’s revenues from online marketing services and others also increased 29% to $6.75 (£5.10m) and revenues from transaction services increased 234% to $6.59m (£4.98m)
Temu owner PDD holdings saw its shares plummet 29%, wiping out $55bn (£41.6bn) off the company’s market value, after its Q2 results fell short of analysts expectations.
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