Temu Owner PDD Holdings Beats Profit Forecasts but Warns of Slower Growth as Stock Slides on Q3 2025 Results
PDD Holdings reported Q3 2025 revenue of RMB 108.28 billion, up 9% year over year, marking a slowdown from previous growth rates. Net income rose 17% to RMB 29.33 billion, beating analyst forecasts. Shares fell as investors reacted to cooling revenue growth amid fierce competition from Alibaba and JD.com. Operating cash flow jumped to RMB 45.66 billion from RMB 27.52 billion a year earlier.