Temu owner PDD reports Q1 revenue up 11% YoY to ~$15.7B, below ~$16.2B est., net profit down 15% to ~$1.85B, below ~$3.4B est., amid fierce competition in China (Wall Street Journal)

Wall Street Journal : Temu owner PDD reports Q1 revenue up 11% YoY to ~$15.7B, below ~$16.2B est., net profit down 15% to ~$1.85B, below ~$3.4B est., amid fierce competition in China — The company is rolling out more support initiatives to prevent merchants from defecting to other platforms

Discussion

0 comments

Replying to cancel

GIF Post

Powered by

More from Techmeme

A look at AI's potential impact on insurance-coverage decisions like prior authorization as the Trump admin starts to pilot using AI to evaluate Medicare claims (Joshua Cohen/Ars Technica)

Techmeme·6

UK's incoming PM Andy Burnham is expected to scrap Keir Starmer's plans for digital ID cards; last year a petition opposing the cards attracted ~3M signatures (Geraldine McKelvie/The Guardian)

Techmeme·8

A review of Microsoft's 13-inch Surface Laptop shows 8GB of RAM is not enough for a good Windows 11 experience; PC makers have unveiled upcoming 8GB laptops (Antonio G. Di Benedetto/The Verge)

Techmeme·12

Anthropic says Claude Fable 5 will be included in Max and Team Premium plans at 50% of limits from July 20 and via usage credits for Pro and Team Standard users (Claude/@claudeai)

Techmeme·17

Sources: AI inference chip startup Etched is raising funds at a ~$20B valuation and is raising capital at a $10B valuation in a separate round led by Sequoia (Wall Street Journal)

Techmeme·15

Court doc: a US federal jury says Japanese chipmaker Kioxia owes Viasat $229M for infringing Viasat's flash-memory patent that helps devices use less energy (Blake Brittain/Reuters)

Techmeme·16