Previous close | 0.2200 |
Open | 0.2200 |
Bid | 0.0100 |
Ask | 1.8100 |
Strike | 116.00 |
Expiry date | 2024-05-31 |
Day's range | 0.2200 - 0.2200 |
Contract range | N/A |
Volume | |
Open interest | 12 |
PDD Holdings, the owner of Temu and Pinduoduo, is blowing past market expectations with a massive surge in profit and revenue as American and Chinese consumers swarm its bargain shopping apps for low-cost products.
PDD Holdings Inc (NASDAQ:PDD) reported fiscal first-quarter 2024 revenue growth of 131% year-on-year to $12.02 billion (86.81 billion Chinese yuan), beating the analyst consensus estimate of $10.65 billion. The Chinese online retailer’s adjusted earnings per ADS of $2.83 (CNY20.72) increased from CNY6.92 Y/Y, beating the analyst consensus estimate of $1.42. Revenues from online marketing services and others rose 56% Y/Y to $5.88 billion. Also Read: Why Are Chinese Stocks Including Baidu, JD And
(Updated - May 22, 2024 11:58 AM EDT)