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Q2 2026 · 2026-06-30
Financial visuals and sources
Revenue, profit, cash measures and issuer outlook are presented separately. Subsequent events and unresolved scope differences are identified in the report.
Read full visuals, data and sources (Chinese) ↗Visual research edition · integrated September 13, 2026. Each source retains its reporting period and review date. Not investment advice.
Deep Research1
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Following since 2024.08- 20252025.06.135 min
PDD: Growth Hits a Wall as Tariff Storm Brews
In Q1 2025, PDD reported 10% revenue growth to RMB 95.672 billion, but profitability slumped sharply due to strategic investments. Meanwhile, the US tariff policy shift—especially the removal of the $800 de minimis exemption for Chinese goods—poses a fresh challenge to its international business, Temu.
- 20242024.08.264 min
Pinduoduo Q2 Misses, Chairman Says No Dividends or Buybacks for Years, Stock Plunges 30%
Pinduoduo, a Chinese e-commerce platform known for its innovative group-buying model, has gained market recognition for strong revenue growth and social responsibility initiatives, while expanding internationally and innovating in agriculture. However, it faces regulatory challenges and the need to fulfill social responsibilities.
