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Stock impact report

Temu-owner PDD Holdings posts 9% jump in quarterly revenue [Yahoo! Finance]

JD.com, Inc. - American Depositary Shares (JD) 
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am Check Earnings Report
US:NASDAQ Investor Relations: ir.jd.com
Company Research Source: Yahoo! Finance
U.S.-listed shares of the company, which operates the low-cost Pinduoduo platform in China along with Temu internationally, ?rose about 1% ?in choppy premarket trading. Chinese retail majors such as PDD, Alibaba and JD.com ?have been trying to lure domestic shoppers with price cuts and promotions during a prolonged period of subdued consumer confidence amid job ?worries and property sector weakness. Those discounts have translated into higher ?sales. JD.com also reported steady sales growth last week, pointing to strong demand for general merchandise and staples on its platform. PDD reported revenue of 108.28 billion yuan ($15.23 billion) for the third ?quarter ended September 30, compared ?with the 108.41 billion yuan ?average of 15 analyst estimates compiled by LSEG. Adjusted net income attributable to PDD's shareholders ?came in at ?31.38 billion yuan in the quarter, compared with 27.46 billion yuan a year earlier. (?$1 = 7.1111 Chinese yuan renminbi) (Reporting by Deb Show less Read more
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