{"id":1938677,"date":"2023-05-26T10:27:25","date_gmt":"2023-05-26T14:27:25","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pinduoduo-owner-pdd-beats-quarterly-revenue-estimates-shares-rise\/"},"modified":"2023-05-26T10:29:15","modified_gmt":"2023-05-26T14:29:15","slug":"pinduoduo-owner-pdd-beats-quarterly-revenue-estimates-shares-rise","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pinduoduo-owner-pdd-beats-quarterly-revenue-estimates-shares-rise\/","title":{"rendered":"PDD surpasses revenue estimates, shares increase."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">12<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fpinduoduo-owner-pdd-beats-quarterly-revenue-estimates-shares-rise%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1938677&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>PDD Holdings Inc Beats Q1 Revenue Estimates<\/h2>\n<blockquote>\n<p>Chinese e-commerce giant PDD Holdings Inc has exceeded analysts&#8217; expectations for Q1 revenue, thanks to the growing popularity of its discount platforms, including Pinduoduo. The company&#8217;s U.S.-listed shares rose by 7% in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/twitter-stock-jumps-as-jack-dorsey-resigns-as-ceo-replaced-by-cto-parag-agrawal\/\" title=\"Twitter Stock Jumps as Jack Dorsey Resigns as CEO, Replaced by CTO Parag Agrawal\">pre-market trading<\/a>.<\/p>\n<\/blockquote>\n<p>As China&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pinduoduo-owner-pdd-beats-quarterly-revenue-estimates-shares-rise\/\" title=\"PDD surpasses revenue estimates, shares increase.\">consumer spending gains momentum<\/a>, PDD&#8217;s expansion of its international platform, Temu, has also contributed to the company&#8217;s revenue growth. Temu, which sells affordable made-in-China products, has topped the charts for app downloads in the United States, Canada, and Australia since its launch.<\/p>\n<p>With retail sales in China rising by 5.8% in the January-March period, and online retail sales up by 8.6%, PDD&#8217;s success is no surprise. Platforms such as Pinduoduo and Douyin gained traction during the pandemic, with livestream selling of goods by merchants becoming increasingly popular.<\/p>\n<p>PDD posted revenue of 37.64 billion yuan ($5.45 billion), compared with analysts&#8217; estimates of 31.98 billion yuan, according to Refinitiv data. The company&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mosaic-posts-higher-second-quarter-profits\/\" title=\"Mosaic posts higher second-quarter profits\">net income attributable<\/a> to ordinary shareholders rose to 8.10 billion yuan from 2.60 billion yuan a year earlier.<\/p>\n<h3>Other News:<\/h3>\n<ul>\n<li>With Memorial Day coming up, there&#8217;s no better time to raise awareness and try to help prevent the increasing and tragic issue of veterans committing suicide.<\/li>\n<li>Representative James Comer says he has evidence Joe Biden accepted a bribe and used it to bribe Ukrainian officials.<\/li>\n<li>Canadian privacy regulators are launching a joint investigation into ChatGPT-parent OpenAI&#8217;s data collection and usage, becoming the latest major government to scrutinize the artificial intelligence company.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PDD Holdings Inc exceeded Q1 revenue expectations as budget-conscious customers flocked to its discount e-commerce platforms, including Pinduoduo. The company&#8217;s U.S.-listed shares surged 7% pre-market. China&#8217;s consumer spending has picked up since the country relaxed its strict zero-COVID policies in late 2021.<\/p>\n","protected":false},"author":66,"featured_media":1938678,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[6004,5476,27708,14486,4790,12146],"class_list":["post-1938677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-estimates","tag-increase","tag-pdd","tag-revenue","tag-shares","tag-surpasses"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1938677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1938677"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1938677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1938678"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1938677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1938677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1938677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}