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PDD Jun 2024 110.000 call
| Previous close | 46.67 |
| Open | 52.40 |
| Bid | 47.75 |
| Ask | 49.00 |
| Strike | 110.00 |
| Expiry date | 2024-06-21 |
| Day's range | 48.80 - 52.40 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.97k |
CNN BusinessBargain-hungry Americans are flocking to Temu and making its Chinese owner very rich
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.
BenzingaAlibaba Rival PDD's Explosive Growth Continues, Revenue More Than Doubles
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
- Investing.com
Midday movers: Target, Lululemon and ViaSat fall; TJX rises
(Updated - May 22, 2024 11:58 AM EDT)
