The Digital Source For China's Tech Innovation Since 2000

PDD stock rise on Q3 beat as Temu keeps wooing consumers (NASDAQ:PDD)

November 28, 2023
Source: seekingalpha.com seekingalpha.com
News Snapshot:
PDD (NASDAQ:PDD) stock rose about 14% in pre-market trading on Tuesday after third-quarter results beat estimates. Meanwhile, several Chinese stocks were trading in the red during pre-market. E-commerce giant Alibaba (BABA), online retailer JD.com (JD), online entertainment services provider Bilibili (BILI) were all down around 1%, internet search giant Baidu (BIDU) was also in the red. PDD's non-GAAP earnings per American depositary shares, or ADS, grew about 34.7% year-over-year to RMB11.61 ($1.55). The Chinese e-commerce giant's total revenues soared nearly 94% year-over-year to RMB68.84B ($9.44B). Both top and bottom lines surpassed analysts estimates. Revenue from online marketing services grew about...
Go To Original Source →
Tags: AIM | Alibaba | Amazon | American depositary shares | app | Baidu | BIDU | Bilibili | Bloomberg | CEO | chairman | China | Chinese | chips | Citigroup | cloud | co-CEO | Computing | e-commerce | Economy | entertainment | export | Exports | GAAP | Giant

Other Related News:

The US is reportedly encouraging countries to adopt Musk’s Starlink in tariff trade talks

May 9, 2025

Stirling clings to trackless tram dream despite WA Transport Minister Rita Saffioti’ dismissal

May 9, 2025

Trump Tariffs Would Torpedo Game Console Sales, Report Claims

May 9, 2025

Shopify stock falls despite strong first-quarter revenue growth

May 9, 2025

Tariffs could raise game console prices by 69%

May 9, 2025

Tesla launches cheaper Model Y in the US, but confirms it's ditched the Cybertruck's promised range extender

May 8, 2025

Ukraine war latest: Putin welcomes 'dear friend' to Kremlin; woman killed in bombing during Russia's ceasefire

May 8, 2025

Wong Kar Wai's TV Series 'Blossoms Shanghai' Getting Release By Mubi

May 8, 2025

Caught in the tides with Jia Zhangke, China’s most important filmmaker of the century

May 8, 2025
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2025 ChinaTechNews.com. A Service of Asia Media Network.
Twitter