PDD Holdings Faces Slower Growth Amid China’s Economic Challenges
拼多多母公司PDD控股在中国经济放缓中面临增长放缓
PDD Holdings, the parent company of e-commerce platforms Pinduoduo and Temu, saw its shares drop on Thursday after missing third-quarter revenue estimates and cautioning about heightened competition.
拼多多和Temu的母公司PDD控股在周四公布的财报中未达到第三季度营收预期，同时警告竞争加剧，导致其股价下跌。
The company reported sales of RMB 99.4 billion ($13.7 billion) for the quarter, representing a 44% year-over-year increase but falling short of the RMB 102.8 billion forecasted by analysts. This performance highlights the mounting challenges faced by Chinese technology firms as they navigate the nation’s economic slowdown.
公司报告显示，第三季度营收为994亿元人民币（137亿美元），同比增长44%，但低于分析师预期的1028亿元人民币。这一业绩反映出中国科技企业在应对国内经济放缓时面临的日益严峻的挑战。
