Pinduoduo Stock News

PDD Holdings reported a 12% decline in net profits in the three months ended June 30, surpassing Wall Street consensus.

PDD's second-quarter revenue missed expectations as the company navigated fierce domestic competition and increased regulatory pressure.

Chinese e-commerce discounter PDD Holdings on Monday reported an 8% rise ​in second-quarter revenue, missing market estimates, hampered by ‌price competition at home and regulatory challenges abroad.

DUBLIN and SHANGHAI, Aug. 24, 2026 (GLOBE NEWSWIRE) -- PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD), today announced its unaudited financial results for the second quarter ended June 30, 2026.

PDD Holdings heads into second-quarter earnings on Monday with Wall Street cautious about how quickly revenue growth can translate into stronger profits. Analysts expect roughly $17.1 billion in revenue and adjusted earnings of about $2.75 per ADS.

Europe on Wednesday took a first step towards curbing what ​it calls unfair competition from online retailers such as Shein, Temu and AliExpress by imposing a €3 fee on low-value e-commerce ‌imports from China that previously entered the bloc duty-free.

France's Senate passed a revised version of a bill on Monday aimed at curbing online fast-fashion retailers such as ​Shein, Temu, which is owned by PDD Holdings , and ‌AliExpress , after more than two years of debate and discussion between the upper and lower houses of parliament as lawmakers sought to create a ​text that complies with European Union law.