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Benzinga

Business

Anusuya Lahiri

Temu Parent PDD Warns Current Profits Not Sustainable As Competition Heats Up In China

PDD PDD Holdings China United States

Kyiv,,Ukraine,-,April,1,,2024,Pinduoduo,Icon,On,Smartphone

Temu parent PDD Holdings (NASDAQ:PDD) stock is trading higher on Monday after the company reported fiscal second-quarter 2025 results.

Revenue grew 7% year-on-year (Y/Y) to $14.52 billion (103.98 billion Chinese yuan), topping the analyst consensus estimate of $14.35 billion.

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Top stories on inkl right now

Appeals court reverses convictions in kidnapping and terrorism case involving 3-year-old boy's death

A federal appeals court has vacated kidnapping convictions in a case involving the death of a 3-year-old boy who went missing from Georgia in 2017 and later turned up dead at a squalid compound in New Mexico

The Independent UK

National Guard Troops Took Larger Role in California Immigration Raid Than Previously Known: Report

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Tropical storm threat churns planning for Georgia-Alabama game with Trump set to attend

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The Independent UK

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German court orders detention of former intelligence chief after spying arrest

August Hanning, 80, appears before judge after being accused of treason and espionage on behalf of foreign state

The Guardian - UK

Denny Hamlin had 'no idea' that he helped Kyle Larson get lap back by pitting

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Motorsport

Top stories on inkl right now

Appeals court reverses convictions in kidnapping and terrorism case involving 3-year-old boy's death

The Independent UK

National Guard Troops Took Larger Role in California Immigration Raid Than Previously Known: Report

Northern Command denies troops transported detainees, despite an Army review describing authorization for them to do so

Latin Times

Man Who Said 'Gay Ghosts' Made Him Stab His Girlfriend and Baby Is Found Guilty of Murder

Johannes Claasen was convicted of murder, attempted murder and assault after a judge rejected his account of a 2020 stabbing

International Business Times UK

Tropical storm threat churns planning for Georgia-Alabama game with Trump set to attend

Tropical Storm Isaias could hit the U.S. Gulf Coast as a hurricane this weekend, just before a major college football game between Georgia and Alabama

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

German court orders detention of former intelligence chief after spying arrest

August Hanning, 80, appears before judge after being accused of treason and espionage on behalf of foreign state

The Guardian - UK

Denny Hamlin had 'no idea' that he helped Kyle Larson get lap back by pitting

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Motorsport

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That Cute Squishy Toy Contains Water Beads — CPSC Says Stop Using It

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Man goes to Tim Hortons and sees some Harry Potter-themed donuts. Then he takes a closer look: ‘I was deeply concerned’

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Ultraprocessed Meal Raised Insulin More Than a Calorie-Matched Whole-Food Meal in Small Virginia Tech Brain Imaging Trial

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