Tenfold increase in second-quarter profits for PDD Holdings
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The Chinese group PDD Holdings, which owns the discount online shopping platform Temu, saw its net profit jump by 144% year-on-year in the second quarter, according to a company statement published on Monday. Shutterstock The net profit of PDD Holdings, which is also the parent company of Pinduoduo, an online platform for selling low-priced products [...]read moreTenfold increase in second-quarter profits for PDD Holdings