PDD Holdings Sees 9% Revenue Growth in Q3 Despite Global Headwinds

China‑based e‑commerce firm PDD Holdings, which operates domestic platform Pinduoduo and international app Temu, announced a 9 % year‑on‑year increase in revenue to RMB 108.28 billion for the quarter ended September 30 — just below analyst estimates of RMB 108.41 billion. Adjusted earnings per share reached RMB 21.08, comfortably ahead of consensus forecasts of RMB 16.84. The results highlight that heavy discounting and strategic marketing are still driving demand in China’s weak consumer environment, but growth remains moderate compared to PDD’s historical double‑digit pace. On the conference call, co‑CEOs Zhao Jiazhen and Chen Lei acknowledged intensifying competition and said the company expects performance to remain volatile as it invests in merchant support programmes and platform upgrades. Beyond China, PDD’s global ambitions face mounting regulatory and cost pressures. Cross‑border platforms like Temu are feeling the effects of the U.S. ending duty‑free access for parcels under $800, and Europe preparing new duties on low‑cost Chinese exports. Meanwhile, Pinduoduo’s growth during China’s key Singles’ Day shopping festival was 11.7 %—strong but still below previous peaks for the company. In short: PDD is still moving forward, but slower growth and a tougher global landscape mean investors may want to buckle up for the next quarter. #PDDHoldings #Temu #ecommerce #ChinaRetail #SlimScan #GrowthStocks #CANSLIM