Chinese e-commerce firm PDD Holdings saw first-quarter net profit fall 47% to 14.74 billion yuan ($2.05 billion) as its domestic platform suffered from intense local competition and its international ...
China's e-commerce landscape is dominated by two formidable players: Alibaba Group BABA and PDD Holdings PDD. Alibaba, the pioneer that revolutionized online shopping in China through platforms like ...
PDD Holdings (NASDAQ:PDD) dipped below the $100 level in premarket trading on Tuesday after suffering a 28.5% drop on Monday. The Chinese e-commerce firm missed consensus revenue estimates with its Q2 ...
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