Revenue at Temu’s owner PDD almost doubled in the third quarter while profit rose nearly 50% as the hit budget shopping app continued to win over millions of Chinese consumers this fall. The SwitzerlandShanghai-headquartered company reported stronger-than-expected revenue of RMB 68.8 billion, representing growth of 93.9% year-on-year, pulling it far away from rivals Alibaba and JD Retail, which saw earnings increase 4% and 0.06% in the quarter respectively. Revenue from transaction services, for which PDD charges merchant fees, surged 315% to RMB 29.2 billion from a year earlier, contributing more than 40% of the total quarterly revenue. The strong performance saw the Nasdaq-listed firm jump 18% on Tuesday to $185 billion market value, bringing it close to Alibaba’s market value of $194 billion. PDD executives emphasized in an earnings call that its global business Temu, offering shoppers from over 40 countries direct goods from “high-quality” factories, is still “in a very early stage.” [PDD]
Best robot vacuum deal: Get the Roborock Q5 Max for 53% off at Amazon
Starbucks barista found a new way to troll annoying customers
Nintendo Switch is getting wireless NES controllers
Hillary Clinton tweeted some sassy responses to Republican convention speakers
The fat bears are already extremely fat
Little Baby Bum has billions of views on YouTube — and just sold for millions
At least Melania Trump's fashion choice had something unique to say
Amazon's Storefronts is too little, too late for small businesses
Get Rid of Windows 10 Ads, Office Offers and Other Annoyances
Where is the Camera Roll in iOS 12 Messages overhaul?
Best vacuum mop combo deal: Save $140 on the Tineco Floor One S5
It only took 37 seconds for two bitcoin 'celebs' to start fighting on a cruise ship
Democratic Party responds to Paul Ryan with an intern selfie of its own
Snapchat will open 'Our Stories' content to publishers like CNN
Diseases from mosquitos and ticks have tripled in the U.S., CDC finds
Razer's second generation phone might be revealed on October 10
Google 'mistakenly' altered settings on Pixel phones. Whoops.
The story behind Melania Trump's speech finally comes out
Useful or Little Known Android Features
Nintendo Switch is getting wireless NES controllers
Happy Birthday to Georges BatailleThe Morning News Roundup for September 9, 2014iRobot promises its new Roomba won't smear dog poop all overThe Illustrations of Arthur RackhamApple just became more of a California cult than everHow to contact FacebookSongs of InnocenceThe Morning News Roundup for September 15, 2014Alexis Ohanian showed off the NFT he bought for Serena Williams at the Met GalaHappy Birthday, H. D.!Apple just became more of a California cult than everThe Morning News Roundup for September 9, 2014What a Way to Go!Teens are apparently stealing soap dispensers and urinals from school for the devious lick trendThe Morning News Roundup for September 8, 2014How Samuel Johnson Celebrated His SixtyAs Dolls to Wanton KidsApple is going up against Calm and Headspace with updates to Fitness+Best cheap flight deal: BOGO free tickets for you and a friend with SouthwestThe Future According to Stanisław Lem Microsoft finally launches dark theme for File Explorer How will the sun die? The worst thing about Microsoft HoloLens is still its field of view Horrific 'teeth nails' have been added to the list of outrageous nail trends 30 things Netflix would have to do to make me cancel my account 'Brooklyn Nine 'Black dot of death' Unicode bug can crash Messages on iPhone Signal update means disappearing messages no longer remain on MacOS Taylor Swift addresses Kim Kardashian feud at 'Reputation' concert Gmail Smart Compose basically writes your emails for you 'Destiny 2's newest raid, Spire of Stars, is proving difficult How you can watch the 'Solo' world premiere Forget Windows PCs. Microsoft wants to power everything. Fox canceled 'Brooklyn Nine John Legend will be the voice of some Google Assistant queries Original 'Iron Man' suit goes missing, LAPD investigates 7 common misconceptions about masturbation Facebook get serious about blockchain, shakes up its executive team Here's why you shouldn't (always) laugh at dogs in strollers All the best photos from the 'Solo: A Star Wars Story' premiere
1.7375s , 8188.1796875 kb
Copyright © 2025 Powered by 【Switzerland】,Openness Information Network